8.6 ha Land available in Olympus AH

628-UNIT COMBINED DEVELOPMENT POTENTIAL | 8.58 HECTARES IN OLYMPUS

628-UNIT COMBINED DEVELOPMENT POTENTIAL | 8.58 HECTARES IN OLYMPUS

Three adjoining properties. One substantial acquisition opportunity.

Positioned on Ajax Street, between Planet Fitness and IQ Bronberg and directly across from Heron Hill Garden Estate, these three adjoining development properties offer a combined documented township area of 8.577 hectares in an established Olympus residential setting.

With Residential 2 and Residential 4 zoning across the properties, the supplied planning and service documentation indicates a combined potential of up to 628 dwelling units, subject to the applicable rights, conditions and development approvals.

For developers seeking scale, this land assembly offers the opportunity to investigate a coordinated residential development, with different building heights accommodated within the respective zoning parameters.

THE COMBINED OPPORTUNITY

- Three adjoining properties offered together.

- Total documented township area: 8.58 hectares.

- Combined residential land component: 7.9 hectares.

- Residential 2 and Residential 4 zoning.

- Combined documented development potential of up to 628 dwelling units.

- Building heights of up to three storeys on the Residential 2 properties and five storeys on the Residential 4 property.

Total township areas include road and road-widening portions shown in the supplied layouts.

DEVELOPMENT BREAKDOWN

Residential 2 property - 151-unit potential

- Total documented township area: 2.56 hectares.

- Residential land component: 1.9 hectares.

- Density: 80 dwelling units per hectare.

- Service agreements based on 151 units.

- Height: Up to three storeys.

- Floor area ratio: 0.6.

- Coverage determined through the approved site development plan.

Residential 2 property - 308-unit potential

- Total documented township area: 3.88 hectares.

- Residential land component: 3.86 hectares.

- Density: 80 dwelling units per hectare.

- Service agreements based on 308 units.

- Height: Up to three storeys.

- Floor area ratio: 0.6.

- Coverage determined through the approved site development plan.

Residential 4 property - up to 169 units

- Total documented township area: 2.12 hectares.

- Residential land component: 2.11 hectares.

- Density: 80 dwelling units per hectare, capped at 169 units.

- Height: Up to five storeys.

- Floor area ratio: 1.4.

- Coverage: 45, excluding covered and basement parking.

The combined unit figure represents the sum of the individual properties'' documented development potential. It is not a single approved 628-unit scheme. Final design and achievable yield remain subject to the applicable approval conditions, site development plans, parking requirements, services and ground conditions.

AN ESTABLISHED SETTING FOR YOUR NEXT DEVELOPMENT

With Heron Hill Garden Estate across the road and fitness and education facilities nearby, the land offers a recognisable location around which to position a substantial new residential project.

The adjoining configuration creates scope to investigate coordinated access, infrastructure and development phasing, subject to technical feasibility and municipal approval.

The sale comprises the land and existing improvements. The purchaser will undertake the development, including required infrastructure, construction and outstanding approvals. Existing structures on part of the land are envisaged for demolition in the layout documentation.

SUPPORTING DEVELOPMENT INFORMATION

The available documentation includes:

- Approved Conditions of Establishment and township layouts for the two Residential 2 properties.

- Signed municipal water and sewer service agreements for those properties.

- Planning documentation for the Residential 4 property.

- A signed floodline certification drawing incorporating geotechnical information for the Residential 4 property.

- Roads and stormwater engineering cost summaries for all three properties.

- Additional water and sewer cost summaries for the Residential 4 property.

The information identifies service connections, network upgrades, access works, pedestrian walkways, stormwater infrastructure and municipal contribution arrangements.

ACQUIRE TOGETHER OR INDIVIDUALLY

Explore the full land assembly or enquire about purchasing the properties separately.

Combined selling price: R82,000,000 excluding VAT.

Contact Bouts Botha or Donavan van Rooyen from Team Apex, REMAX Property Merchants, for the development information packs and to arrange a site inspection.

REDLEX 512 PTY LTD trading as REMAX Property Merchants Mooikloof operates in terms of a franchise agreement with REMAX of Southern Africa.