Posted on March 12, 2021
Price : R 13 200 000
Listing Type : Land
Size : 11 620 m2
Ref no. : 2718

The property is undeveloped and serviced to the boundary. The area is well located with regards to the developments in the Midrand strip and Centurion and is close to the various upmarket estates.

Zoning: GR3 (General Residential 3) with Ekurhuleni Town Planning Scheme and with Council.

Allowable Bulk 30%, Height allowance 3 storeys; density of 85 units per hectare.

Plan layout reflecting:
1. 40 x 2 bedroom units semi-detached (44 m2)
2. 24 x 2 bedroom units duplex (40 m2)
3. 21 x 1 bedroom units double storey (22 m2)
4. TOTAL F.A.R 3040 m2

A quick extrapolation at R3500 (1-bed) and R6000 (2-bed) would yield a total of R457 500/m; R5 490 000/year = R54 900 000 value at 10% yield.

Features
Land for development
* Yaseen Omar – LP – Cape Town S.Suburbs
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