Commercial space in Bellairspark

Unique Residential Development Land Opportunity for Sale.

Bellairspark /Northgate/ North Riding Suburban area.

Asking R4,800 000

Here is the perfect opportunity to acquire an 8,567m Belair''s

Park North Riding property, just off Malibongwe Drive and neighboring the

popular North Riding suburban hub. This

is a dream location for an astute, multi-dwelling, multi-application developer

to acquire land, packed with up-market

townhouse /apartment development potential.

The property is located at 937 Malibongwe Drive, opposite and just

east of Northgate Centre. Private entrance is gained from Malibongwe, a

provincial road, but future access is permitted from Bouvet Road, North Riding,

which is accessed from busy Bellairs Drive. Such access lies on the neighboring

Erf 18 Extension 7.

The beautifully treed and land-scaped ground, slopes approx. 4

meters from the west down to the east

boundary. There is a large, north facing home on the site together with a

workshop shed. The property is fenced on the western, north and southern

boundary, It has a 1,8 meter high brick wall with established residential neighbors,

on the eastern boundary.

As the property falls under

the Jurisdiction of Randburg and under the Northern Regional Nodal Plan, Town

and Urban Planners have succeeded in obtaining an approved density of 80 dwellings

/hectare which allows for either Residential 2 erven, or Residential 3 Sections with a possible extension to 102 units, subject t a parking

provision of which there is ample supply.

A green, solar powered solution could be a

significant feature to the homes if

offered.

Stormwater, sewerage and fire hydrants

have been installed and linked to

existing main central service outlets. The property has its own borehole water supply. Provisional application

to City Power has been made with positive and authoritative reply received.

Market and desk research indicates the

popularity of residential housing in Bellairs Park and North Riding, with

properties selling for more than R1,1

million plus with more than 64% of

recent buyers in the area falling in the age profile of 18 to 49. Being a

lifestyle-friendly area, it is also an

ideal location for young families.

People talk about the intimacy and community

feel of this location, perfectly situated between Randburgs best known

regional centers. With brilliant

schooling, entertainment and services nearby, plus easy access via arterials in

or out, development land must be a smart investment with highly profitable

returns expected down the line.

The acquisition of Erf 17 Bellairs Park,

would typically appeal to an established, environmentally conscious property developer/contractor,

religious or educational institution, with

the vision and know-how to deliver the aspirational, market desired and related

type of home, place of work, education or worship.