Property description

Price: R12 235 000.00 (Including VAT)
Land Size: 17,841 m²
Zoning: Residential 3 – Shovel-Ready Development 

This is an exceptional opportunity for developers seeking a high-potential residential project next to the thriving Rosslyn area. With approved plans and all external bulk services already in place, this site is primed for development, offering a smooth path to build 138 dwelling units. 

Key Features:  

• Development Potential: Build up to 138 residential units (94 x 2-bedroom units and 44 x 3-bedroom units) with a total floor area of 9,784.12 m². Average unit size: 70.9 m². 
• Shovel-Ready: No delays – all external bulk services have been paid for, and the property is ready for immediate
  construction. 
• External Bulk Services Paid:   
• Water Engineering Services: R433,242.72 
• Sewer Engineering Services: R531,426.98 
• Roads & Stormwater Engineering Services: R364,149.49  
• Electricity Supply: A 500 KVA mini-substation has already been constructed at the boundary of the property. 
• Fully Fenced: The property is secured with a 2.2-meter high double brick wall. 

Development Details:  

• Zoning: Residential 3 
• Density: 138 dwelling units 
• Height: 2 storeys (max. 10m) 
• Floor Area Ratio: 0.6 
• Open Space Requirement: 2,484 m² (18 m² per dwelling unit) 

Developer Responsibilities:  

• Internal Services: The developer is required to install internal bulk services according to the services agreement. 
• Roads & Parking: All roads and parking areas must be paved, drained, and maintained to municipal standards. 
• Entrance/Exit: Must meet municipality approval for site access. 
• Professional Oversight: All structures must be designed and supervised by a qualified structural or geotechnical engineer, ensuring the integrity of foundations as per the geotechnical report. 

Financial Highlights:  

• No Transfer Duty: The seller is registered for VAT, and VAT is included in the selling price. 
• VAT-Registered Purchasers: If you are VAT-registered, you can claim back 15% VAT of the purchase price as input VAT. 
• Opportunity Cost per Unit: R88 659 including vat. 

Additional Information:  

• Completion Conditions: No units can be sold before the entire phase of development is completed. 
• Development Financing: The property is available for cash sale or cash and bond sale. The developer will need to secure their own funding for the project. 

This prime development site is located in a rapidly developing area with excellent access to Rosslyn and surrounding amenities. Whether you are an experienced developer or looking for your next big project, this land offers incredible potential with minimal delays. 

For more details or to arrange a viewing, contact me today via phone, WhatsApp, or email. I can provide further information and connect you directly with the owner and their professional team. 

Don’t miss out on this seldom fined development opportunity next to Rosslyn!