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R 11 500 000

Vacant Land / Plot for Sale in Lombardy Estate

Lombardy Estate, Pretoria

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9 436 m²
- m²: 9 436 m²
- Hectares: 0.944 ha
- Acres: 2.332 acres

NO TRANSFER DUTY

Contact Agent

Mellony Crawford

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Development Land for Sale in Lombardy Estate

Development Land for Sale in Lombardy Estate.

For developers seeking an exceptional opportunity, we present a unique piece of land within Lombardy Estate & Health Spa, ideally suited for the development of luxury New York-style apartments. This prime plot is centrally located amidst the tranquil lakes and lush surroundings of Lombardy Estate, offering a picturesque backdrop for a prestigious development.

Key Details:

Rezoning in Place: The property already has the necessary rezoning approvals in place, streamlining the development process.

Rising Luxury Apartment Market: With a trend towards downsizing, the market for luxury apartments is steadily expanding. Affluent middle-aged buyers are increasingly seeking to transition from high-maintenance traditional houses to upscale flats, promising stylish, modern living with reduced upkeep.

Access to Hotel Services:...

Development Land for Sale in Lombardy Estate.

Key Details:

Rezoning in Place: The property already has the necessary rezoning approvals in place, streamlining the development process.

Access to Hotel Services: Investors in Lombardy piazza may avail themselves of various hotel services, including housekeeping and concierge services. The high-rise design of these exclusive apartments ensures unobstructed views of the Lombardy water lakes and beautifully landscaped gardens.

Property Details:

ERF Use: Residential 4

Location: Uniquely positioned in the middle of Lombardy Estate, overlooking serene lakes and lush greenery.

Size: 9436 square meters

Building Lines: 3 meters from street boundaries

Height: Shall not exceed 6 storeys

Description: New York-style apartments

Number of Units: Approximately 50 luxury units

Average Unit Size: Depending on the final concept design

Floor Area Ratio (FAR): Shall not exceed 1.2

Parking: As per the town planning scheme

Coverage of Building: Will align with the approved site development plan

This development land offers a unique and highly promising opportunity for developers to create a prestigious enclave of luxury New York-style apartments within the well-regarded Lombardy Estate & Health Spa. Don't miss the chance to be part of this exciting project that caters to the growing demand for upscale, low-maintenance living in a breathtaking setting. Contact us for more information and to explore this prime real estate opportunity.

Listing number: P24-113468991, Image number: 1

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Property Overview

Listing Number

113468991

Type of Property

Vacant Land / Plot

Lifestyle

Golf Estate, Lakefront

Listing Date

17 October 2023

Erf Size

9 436 m²

Levies

R 3 000

No Transfer Duty

Yes

Furnished

Optional

Other Features

Security

24 Hour Access

Generator

Points of Interest

Bond Calculator

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Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.