Property in Olympus Zoned for Offices and Medical Suites – For Sale
Price: R16 250 000.00 TRANSFER DUTY PAYABLE
Land Size: 9 236 m²
This exceptional property located in Olympus presents a fantastic investment or development opportunity. Strategically zoned for "Special" office use, including medical suites and estate agency, it offers a wide range of potential uses for businesses.
Specific Zoning for the Erven:
• Floor Area Ratio (FAR): The FAR for buildings on this property shall not exceed 0.72 of the total erf area or as indicated in the approved Site Development Plan. The FAR does not apply to parking areas.
• Building Coverage: The total building coverage is limited to 40% of the erf area or as per the approved Site Development Plan. Basement parking coverage is capped at 50%.
• Building Height: Buildings may be constructed up to 2 storeys, excluding the parking structures beneath the building.
• Parking Requirements: Parking provision will follow these ratios:
o 4 parking bays per 100 m² GLA for office use
o 6 parking bays per 100 m² for medical suites and estate agents
• Street Building Line: A 5-meter building line is applicable along public road.
• Access: Access to the site will be from the public road, in accordance with the approved Site Development Plan and local authority requirements.
• Site Development Plan Approval: A Site Development Plan will be submitted for approval prior to building plans.
• Geotechnical Report and Engineering Requirements: A qualified engineer must be appointed before submitting building plans. They will provide a certificate confirming the study of the geological report and implementation of necessary safety measures regarding construction, drainage, and wet services. Upon completion, the engineer must certify that all specifications have been met to ensure the development is geologically safe.
Section 82 certificate is already issued for the land.
This property offers an ideal location for investors or developers seeking a well-positioned site with flexible zoning for office and medical use. Don't miss out on this rare investment opportunity!
Contact me today via Call, WhatsApp, or Email for more details or to schedule a viewing.
