Web Ref No 6222325

LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL ZONING APPROVED - FOR DEVELOPMENT

PRICE EXCLUDES VAT

Rare opportunity for developers and investors in the fast-developing area in Pretoria East.

Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.

Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.

As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.

ZONING:

Special “for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).

AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:

• Offices and 6 Penthouses

• 75% Coverage

• 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.


*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.

PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:

• 1 982.69 sqm level property
• Three bedrooms, main en-suite plus additional bathroom
• Lounge with fireplace and sliding door to patio area
• Dining room/study with sliding door to patio area
• Open plan kitchen with breakfast counter, separate scullery and large pantry
• Entrance hall with raised ceiling and skylight
• Double garages, shaded carport for three vehicles and storeroom
• Large walled garden with swimming- and splash pool
• Thatched lapa
• 24 hour armed response and alarm

SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) – walking distance from Varsity College, Menlyn and Glenfair Shopping Centre.

• 21.60 sqm
• Kitchen WITH Bic’s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden.

IN CLOSE PROXIMITY TO:

• Menlyn Shopping Centre – 0.74 kms
• Varsity College (Tertiary Institution) – 0.59 kms
• Cti Education Group (Tertiary Institution) – 1.09 kms
• Glenwood Service Station – 0.37 kms
• Life Healthcare Fairie Glen Hospital – 1.10 kms
• Life Faerie Glen Hospital – 1.18 kms
• SAPD (Garsfontein) – 1.43 kms

Kindly contact agents for an exclusive appointment.