Listing Details

Land to be developed on 14th Road

DESCRIPTION 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.

Building Description

The subject property is situated in Midrand, halfway between the dynamic bustling cities of Johannesburg and Tshwane, with superb visibility from the N1 highway and easy access from either the Olifantsfontein off ramp or the New Road off ramp. It is nearby Vodacom World, the only “cellular mall” of its kind in the world, and is a stones throw from the Protea Hotel Midrand, a 4 star business hotel with large conference and convention facilities and a Camelot Spa. The Gautrain station is approximately 6km from the site, linking Midrand to Pretoria and also allowing easy access to O R Tambo International airport. Midrand has experienced phenomenal growth in the last decade with the development of new nodes such as Waterfall and the improvement of existing highway links (upgrade to Allandale off ramp) and new off ramps such as New Road and the soon to be built Waterfall intersection. There is little noticeable break between Johannesburg and Pretoria with the growth seen in both Midrand and Centurion. Nizamye Masjid is one of the new landmarks in Midrand, being the largest mosque in South Africa. Midrand is home to the offices of major corporations such as Vodacom World which is just 750m away, Virgin active health club (1.1km away), Siemens, Microsoft, Neotel and Altech Autopage, as well as may academic institutions such as Midrand Graduate institute and the UNISA Graduate School of Business Leadership. Atterbury Property Developers have constructed the Mall of Africa, a 120,000m2 mall which is the largest on the continent built in one phase and it is situated just 11km away from the subject property.