Development Opportunity
updated on May 03, 2021
POA

WEB REF: 518927

 
  • Price POA
  • LocationMidrand, Clayville
  • Property TypeCommercial - Land
  • Erf Size10162 m2
Description

Accepting Offers Description: Clayville is a strategic area from which to run a business in Olifantsfontein, Midrand. It it a suburb in which residential meets light commercial, and in which it is possible to both live and work. In addition, the area is well loved for its affordable property listings and close proximity to everything that makes life convenient, from shops and schools to arterial roads and other industrial hubs. Details: • 11 620 m2; Cadastral: 1.0162 Ha (10 162 m²) • Zoned - GR3 (General Residential 3) with Ekurhuleni Town Planning Scheme and with Council. • Allowable Bulk 30%, Height allowance 3 storeys; density of 85 units per hectare. FINAL SDP layout reflecting: • 40 x 2 bedroom units semi-detached (44m2) • 24 x 2 bedroom units duplex (40m2) • 21 x 1 bedroom units double storey (22m2) • TOTAL F.A.R 3040m2 Rental Potential: A quick extrapolation at R3500 (1-bed) and R6000 (2-bed) would yield a total of R457 500/m; R5 490 000/year = R54 900 000 value at 10% yield. Sales Potential: Midrand for prices: R750 000 to R900 000 Coverage is currently 30% (50% allowable). 105 Parking bays are included; 125 is required at 1,5 per unit – awaiting Council response as we may have to apply for a waiver. • Rates p.m.: ± R2244.00

Additional Features
      Property Address

      3577 Zinc Place Clayville Midrand

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