Prime Development Opportunity in Kyalami

A prime development opportunity in Kyalami is currently available for sale or lease. The developer is open to selling the 3.1614-hectare land outright, which is presently unserviced. Prospective buyers can engage in negotiations with the developer to discuss pricing. Additionally, there are drafted plans for mini units and warehousing, presenting a sought-after concept for the area. The site also has the potential for a substantial retail-box development of approximately 15,000m², with a basic plan already in place.

The property, subject to specific conditions, offers versatile possibilities. It falls under a Special Use Zone, allowing for various purposes such as offices, medical facilities, retail outlets, restaurants, showrooms, and residential developments. Height restrictions stipulate a maximum of five storeys, excluding parking levels. The land coverage is set at 60%, with an allowance of up to 80% for basements. The Floor Area Ratio (FAR) is 0.9. Situated at a prominent intersection in Kyalami, opposite the Kyalami Corner Shopping Centre, the location benefits from upgraded road infrastructure, ensuring easy accessibility. Moreover, the property boasts excellent signage potential facing Pitts Avenue, offering visibility and exposure. With its strategic positioning and versatile zoning, the site presents an attractive opportunity for the development of commercial, industrial, and retail ventures.

Property Reference #: 13357

Agent Details:
Lelané Leach
Asset Property Group
Eastwood Office Park Unit 14, 11b Riley Road, Bedfordview