2 434 m² Land available in Faerie Glen

Hot Spot!!! Perfect Investment!!

Prime development!!

This 2434m2 land has been approved for Residential 4 zoning.

Allowing either 44 flats in a 4-storey building at 55.3m2 per unit or 33 flats in a 3-storey building with 59 parking bays.

The potential buyer may change the layout according to specific needs.

This land is location conveniently in the proximity of Faerie Glen Pick & Pay Hypermarket and Atterbury Value Mart.

Bulk services account would also be for the prospective purchaser/developer''s account at a cost of approximately R1 200 000.

An additional waterpipe will also be required to be installed and also for the account of the prospective purchaser/developer.

There is also a borehole on site which can be utilized for the development.

In addition to this, there is also a 250GB Fibre line to the site.

The prospective construction can commence as early as March 2023

The two houses on the property will need to be demolished.