R40 001 280 | 28410 m2 @ R1408 per m2
View more unitsDESCRIPTION OF PROPERTY AND IMPROVEMENTS:
The subject property measures 2,8410 ha and is currently zoned
Agricultural. The site is relatively flat, rectangular in shape and
bounded between a new development that is currently under
construction for “Adapt IT” on the northern boundary. The southern
boundary is formed partly by George Road and partly by the
northern boundary of the “Fiat Chrysler Automobile (FCA)” group.
The western boundary is formed by 14th Road and the N1
highway to Pretoria forms the eastern boundary.
The subject property is currently zoned agriculture. It is anticipated
that this property can benefit from the zoning approval for the
adjacent property (Adapt IT) as well as the power that has been
secured for the neighboring property which should be sufficient for
a development over this property.
The adjacent property has approval to be rezoned to Special for
Offices, Hotel, Conference Centre, Institutional and Residential
with all statutory approvals in place (Conditions of Establishment,
EIA, Geotechnical study and Traffic study). The EIA was valid till
January 2017.
This property is one of very few empty lands that are between the
golden stretch of the Allandale exit and the Olifantsfontein exit.
The site is perfectly positioned for Corporate Head Quarters and
warehousing with great signage exposure to the N1 highway.
Residential or retail development can also be considered, possibly
with a higher density being allowed on application and submission
of a site development plan.