1 983 m² Commercial space in Lynnwood Glen

64 ingersol road

1 983 m² 1 983 m²

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

PRICE EXCLUDES VAT

Rare opportunity for developers and investors in the fast-developing area in Pretoria East.

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