R3,500,000
Zoned Development Opportunity
The subject property includes 2 individual pieces of land (bisected by a road) that can be sold together or SEPERATELY.
1) Erf 3316 (Larger, rectangular portion):
- Extent: 2,6185 ha (26 185m2)
- Zoning: Business 3
- Rates: R3 795,86 p.m.
- Services: The land is currently not serviced but is surrounded by roads and is in close proximity existing services
- Topography: flat, primarily featuring natural grasses with a few bushes and trees
- Individual Price: R2 000 000 (Negotiable)
2) Erf 3317 (Smaller, triangular portion):
- Extent: 6 814m2 (0,6814 ha)
- Zoning: Residential 3
- Rates: R3 180,32 p.m.
- Services: The land is currently not serviced but is surrounded by roads and is in close proximity existing services
- Topography: flat, primarily featuring natural grasses with a few bushes and trees
- Individual Price: R1 500 000
Locality Information:
The subject properties are located in the Lenasia South Extension 7 suburb in the southern reaches of the City of Johannesburg Metropolitan Municipality. The parcels are surrounded by single dwelling residential homes as well as local commercial activity. The properties enjoy easy access to the N1 highway via the Grasmere interchange with the R558. The Golden Highway (R553) also serves the suburb allowing for additional access and mobility. The area is characterized by low-to-medium LSM traits.
In summary, this zoned land provides for a fantastic development opportunity due to the lack of convenience retail centers in the vicinity. The property has great [potential to service the surrounding suburbs such as Finetown, Ennerdale South, Grasmere as well as informal settlements situated across the highway.
Contact me if you are interested and if you would like to see a detailed information pack (including zoning certificates, title deeds etc.).
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