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LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL APPROVED ZONING FOR DEVELOPMENT
R 6,500,000
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Description
LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL APPROVED ZONING FOR DEVELOPMENT
PRICE EXCLUDES VAT
Rare opportunity for developers and investors in the fast-developing area in Pretoria East.
Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.
Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.
As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.
ZONING:
Special â??for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).
AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:
â?¢ Offices and 6 Penthouses
â?¢ 75% Coverage
â?¢ 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.
*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.
PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:
â?¢ 1 982.69 sqm level property
â?¢ Three bedrooms, main en-suite plus additional bathroom
â?¢ Lounge with fireplace and sliding door to patio area
â?¢ Dining room/study with sliding door to patio area
â?¢ Open plan kitchen with breakfast counter, separate scullery and large pantry
â?¢ Entrance hall with raised ceiling and skylight
â?¢ Double garages, shaded carport for three vehicles and storeroom
â?¢ Large walled garden with swimming- and splash pool
â?¢ Thatched lapa
â?¢ 24 hour armed response and alarm
SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) â?? walking distance from Varsity College, Menlyn and Glenfair Shopping Centre.
â?¢ 21.60 sqm
â?¢ Kitchen WITH Bicâ??s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden.
IN CLOSE PROXIMITY TO:
â?¢ Menlyn Shopping Centre â?? 0.74 kms
â?¢ Varsity College (Tertiary Institution) â?? 0.59 kms
â?¢ Cti Education Group (Tertiary Institution) â?? 1.09 kms
â?¢ Glenwood Service Station â?? 0.37 kms
â?¢ Life Healthcare Fairie Glen Hospital â?? 1.10 kms
â?¢ Life Faerie Glen Hospital â?? 1.18 kms
â?¢ SAPD (Garsfontein) â?? 1.43 kms
Kindly contact agents for an exclusive appointment.
Property Reference #: 6222325
Agent Details:
Alett Nel
CLE Properties
12 Duffton Way
Aston Manor
Kempton Park
PRICE EXCLUDES VAT
Rare opportunity for developers and investors in the fast-developing area in Pretoria East.
Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.
Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.
As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.
ZONING:
Special â??for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).
AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:
â?¢ Offices and 6 Penthouses
â?¢ 75% Coverage
â?¢ 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.
*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.
PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:
â?¢ 1 982.69 sqm level property
â?¢ Three bedrooms, main en-suite plus additional bathroom
â?¢ Lounge with fireplace and sliding door to patio area
â?¢ Dining room/study with sliding door to patio area
â?¢ Open plan kitchen with breakfast counter, separate scullery and large pantry
â?¢ Entrance hall with raised ceiling and skylight
â?¢ Double garages, shaded carport for three vehicles and storeroom
â?¢ Large walled garden with swimming- and splash pool
â?¢ Thatched lapa
â?¢ 24 hour armed response and alarm
SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) â?? walking distance from Varsity College, Menlyn and Glenfair Shopping Centre.
â?¢ 21.60 sqm
â?¢ Kitchen WITH Bicâ??s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden.
IN CLOSE PROXIMITY TO:
â?¢ Menlyn Shopping Centre â?? 0.74 kms
â?¢ Varsity College (Tertiary Institution) â?? 0.59 kms
â?¢ Cti Education Group (Tertiary Institution) â?? 1.09 kms
â?¢ Glenwood Service Station â?? 0.37 kms
â?¢ Life Healthcare Fairie Glen Hospital â?? 1.10 kms
â?¢ Life Faerie Glen Hospital â?? 1.18 kms
â?¢ SAPD (Garsfontein) â?? 1.43 kms
Kindly contact agents for an exclusive appointment.
Property Reference #: 6222325
Agent Details:
Alett Nel
CLE Properties
12 Duffton Way
Aston Manor
Kempton Park
Id Subtitle 1258417323
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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CLE Properties
Selling for 3+ years
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