R 15 000 000

Vacant Land / Plot for Sale in Faerie Glen

Faerie Glen, Pretoria

14 814 m²
- m²: 14 814 m²
- Hectares: 1.481 ha
- Acres: 3.661 acres

Attention Developers and Investors: A Prime 1.43 ha Property with Unmatched Potential

This exceptional property presents a once-in-a-lifetime opportunity for developers and investors. Situated on a prime 1.43-hectare parcel, it is ideally located for residential development, making it an invaluable asset for those looking to capitalize on its unique features and strategic position.

The property boasts two houses, each equipped with a swimming pool, one of which is indoors, providing a luxurious living experience. In addition to the main residences, there are four flats on the premises, all of which are currently rented out on a month-to-month basis. These existing buildings, while fully functional and generating rental income, represent only a fraction of the property's true value—the real opportunity lies in the expansive land it occupies.

Further enhancing the...

Attention Developers and Investors: A Prime 1.43 ha Property with Unmatched Potential

This exceptional property presents a once-in-a-lifetime opportunity for developers and investors. Situated on a prime 1.43-hectare parcel, it is ideally located for residential development, making it an invaluable asset for those looking to capitalize on its unique features and strategic position.

The property boasts two houses, each equipped with a swimming pool, one of which is indoors, providing a luxurious living experience. In addition to the main residences, there are four flats on the premises, all of which are currently rented out on a month-to-month basis. These existing buildings, while fully functional and generating rental income, represent only a fraction of the property's true value—the real opportunity lies in the expansive land it occupies.

Further enhancing the property's appeal is its access to natural water resources, including a borehole and a natural spring. These features not only add to the land's value but also offer sustainable water options for future development.

Significant progress has already been made towards unlocking the full potential of this property. An application for "Consent Use" to establish a "Place of Instruction" is currently in process with the City of Tshwane. Additionally, crucial reports on stormwater management, construction feasibility, and traffic impact have been completed, laying a solid foundation for future development projects.

The property's location is another major asset. It is within walking distance of the Dischem Centre at the corner of Solomon Mahlangu and Haymeadow, as well as the Mandamp;T Business Park. These nearby amenities, coupled with the convenience of various shopping and business centers, make this property an ideal choice for residential development.

In conclusion, this prime 1.43-hectare property offers an unparalleled opportunity for development in a highly desirable area. With its existing structures, natural resources, and strategic location, it stands as a rare investment opportunity that promises significant returns. Developers and investors should act swiftly to secure this valuable asset and unlock its full potential.

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Property Overview

Listing Number

114842731

Type of Property

Vacant Land / Plot

Listing Date

26 August 2024

Erf Size

14 814 m²

Rates and Taxes

R 2 500

Pets Allowed

Yes

External Features

Garden

Yes

Pool

Yes

Other Features

Security

Electric fencing

Backup Water

No

Points of Interest

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