Property description

R75 000 000.00 VAT Included

APPROVED RETAIL PARK IN THE EAST OF PRETORIA - GARSFONTEIN ROAD ACCESS

The Retail Park is approved in terms of Section 31 of the Development Facilitation Act, 195 (Act 67 of 1995) and Regulation 21 of the Development Facilitation Regulations, 2000:

The maximum GLA will be restricted to 20 500 m², offices (including Banks/Financial Institutions, Medical suites, Business buildings, Commercial purposes, motor showrooms, places of refreshment, places of amusement, air rights, and residential building sub/erf to certain proposed conditions; and

The remaining extent of the properties (2,3768 ha) will be zoned “street public road” and form part of the external public roads (i.e. Garsfontein Road- widening and future 5m access road.
This property is also very near the future Gautrain East Tshwane Station.

The purpose is to establish a mixed-use, business node.

Uses permitted:
Shops and places of refreshment (provided that the maximum GFA of shops and places of refreshment combined shall be restricted to 15000 m2), 33000 m2 for offices, medical consulting rooms, business buildings, commercial purposes, motor showrooms, cinemas, air rights and residential buildings.

More recent developments in the vicinity of the site include a number of residential estates: Country View Estate, Verresig Estate, Mooikloof Ridge, Mooikloof Heights Estate, Mooikloof Glen The Hills Estate, , Rietvlei View and Grootfontein Country Estate, Mooikloof Mega City. The area could be regarded as the south-eastern gateway to the City of Tshwane’s municipal area, combining the best of urban and rural living,

The new Mega City are planned for 55 000 units

The costing for all bulk services have been done.

Access on Garsfontein Road.
COVERAGE: 40%
HEIGHT: 3 Storeys
FLOOR AREA RATIO (FAR): 0.45

The access road to Garsfontein Road has been approved for a long time, reflecting on their latest maps.
The cost for the road was calculated on a formula that the city council uses to determine our proportional portion depending on what we plan to build on the land.

All the services are available

Kindly contact me for more information on this development, you can also WhatsApp or email me.