R12,500,000 | 2,434m² Vacant Land For Sale in Faerie Glen

This 2434m2 vacant land is the perfect opportunity for development in Faerie Glen, which is situated in a quiet suburban street, but also within a vibrant and dynamic business ecosystem.
This property has been rezoned and approved by the Tshwane Council for Res 4 and is valid until 08/2007, allowing for 44 units in a 4-storey building. Buildable area is 2453m2, which means 55.3m2 per unit. For a more upmarket approach, the zoning also allows for 33 luxury units in a 3-storey building, which will reduce the bulk services. There is a borehole on the erf, which can be utilized in the development.
The 2 stands are not consolidated and no Plans have been submitted to council as it is left for the developer to create his own project. All Geotechnical and other reports will be available from Council as well as through the City Planner (contact details will be provided). No bulk services have been paid and will be for the cost of the purchaser.
Call to arrange your private viewing or more information!