New development opportunity with an approval for a RES 4 development
• Price: R12 450 000.00 (VAT not applicable, but transfer duty is payable by the purchaser).
• Rates and Taxes: ± R950 per stand.
• Zoning: Approved Residential 4 (RES 4) zoning.
• Location: Faerie Glen – a prime location for residential development.
• Development Opportunities approved:
o 44 flats in a 4-story building.
o 59 parking bays.
o Total buildable area: 2453sqm.
• Infrastructure:
o A 250 GB fibre line is already connected to the site.
o A borehole on Erf 195, which can be used for the development.
• Flexibility: The developer has the option to change the layout to suit their needs (e.g., shifting to a 3-story building with 33 flats for a more upmarket development, which would reduce the bulk services contributions).
This type of development, especially in a well-connected location with fibre and a borehole is valuable extras for a development. The flexibility to tailor the design to meet your specific needs are still possible.
Call, WhatsApp or Email me for more information or to book a viewing appointment.
