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Description

This advert addresses the astute developer with vision on an enticing Land Development opportunity as best positioned 'developer site' available in Sandhurst, with the option to negotiate. Furthest stand in the Sandton node. Unobstructed views to Magaliesburg mountains with the gentle slope of the land. Eight years to obtain full multi-storey rights. Developer rights: Five floors plus a basement for parking.(build +- 85 units) Land slope lends itself to digging in for the basement from the Cleveland Road side. Important to note: NEW Egoli gas pipe directly on the pavement therefore natural piped gas for heating, geyser, stove. Therefore, minimal electricity requirement. As option to the investor: Plot and Plan Further subdivision into 8 stands Build high-end architecturally designed homes with marketing potential of R25mil. each. Architectural services available on request. *SERVITUDE TYPE Unclassified Urban * AREA/LINE Area * TAG VALUE A4377/1946001 * GEOMETRY 1602 m² * Primary rights as per scheme * Consent rights as per scheme * No rights as per scheme * Parking provision as per scheme * Height as per scheme - zoned (5 storeys ) * Coverage as per scheme - 60% * Floor area as per scheme - 2.5 Asking R40 million negotiable Interesting facts: - Coordinates: 26°6′45″S 28°2′24″E - Empire Place has a length of 1.72 kilometres. - Area: 245 ha - Households: 1,411 (575.07 per km²). - “Sandhurst is to South African residential suburbs what Michelangelo is to South African hotels”. - One of wealthiest suburbs in the country and home to some of the most expensive real estate on the African continent. - All entrances to the suburb are boomed, security is high and closed to public thoroughfare. Streets are heavily patrolled. - Minutes from Sandton City, Hyde Park shopping, the Inanda Club, Wanderers Cricket Club, and leading private schools in the area. Population (2011)[1] • Total 2,471 • Density 1,000/km2 (2,600/sq

Rates and Taxes: R 27719

Levies: R 0