R12 000 000 | Commercial Land For Sale in Faerie Glen, Pretoria

Development for sale in Faerie Glen on Atterbury Road,
The land is across the road from the Pick & Pay Hyper in Atterbury Road with access from Indiana Ave - The neighbour is the Eye Institude in Faerie Glen

This project just next to Atterbury Road, Faerie Glen has been approved by the Tshwane Council on 30/8/2022 with a RESIDENTIAL 4 zoning.

This allows you to build 44 flats in a 4-storey building.
Buildable area is 2453 sqm which means 55.3 sqm per unit

The demand for low to medium cost flat/apartments are in extreme high demand in this metropolitan area in Menlyn

The buyer for this development can however utilize it to which ever way he or she desire - it doesn't have to be 4 storeys or 44 flatlets - The bottom line is that Apartments accommodation is in urgent demand in the vicinity of Menlyn area

Architect approved plans are not included - only the plans that was drawn up for the submission of the rights application are available

The approved layout is as follow:
PLEASE NOTE THE BUYER CAN CONFIGURE AS TO HIS OWN LIKING AND NEEDS:
The layout submitted that was approved is as follows:
1. 16 x 2 bedroomed flats of 70.5 sqm.
2. 36 x 1 bedroomed flats of 30 sqm
3. 12 Loft Units of 42.5 sqm in size

(The Bulk services account will obviously be a lot less if the purchaser decides to build a 3 storey building with 33 flats.)

Contact Reliable Realty if you need any more info on this amazing oppertunity