1 983 m² Commercial space in Lynnwood Glen

64 ingersol road

1 983 m² 1 983 m²

EXCELLENT INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL APPROVED ZONING FOR DEVELOPMENT

PRICE EXCLUDES VAT

This is a rare opportunity for developers and investors in the fast-developing area in Pretoria East, where the seller obtained the correct zoning and authorisations to develop.

Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions.

Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property.

As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable.

ZONING:

Special for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property).

AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT:

Offices and 6 Penthouses

75% Coverage

4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor.

*** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed.

PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING:

1 982.69 sqm level property

Three bedrooms, main en-suite plus additional bathroom

Lounge with fireplace and sliding door to patio area

Dining room/study with sliding door to patio area