1,859m² Vacant Land For Sale in Rosebank

R9,995,000

Monthly Bond Repayment R108,316.52
Calculated over 20 years at 11.75% with no deposit.

Web Ref No 5563505

Property for Sale in Rosebank - High Density Residential Zoning

A fantastic opportunity for developers and investors has come to market in Rosebank. This 1859 sqm property is very well located, within walking distance of the Keyes Art Mile and the Rosebank Mall.
Zoned High Density Residential, approvals are in place to build 37 Apartments over 6 floors with basement parking. The zoning is exempt from inclusionary low cost units being mandatory as it was zoned pre-legislation.
The property measures 75m x 25m and has 2 completed projects as near neighbours developed on similar properties – viewing the property will give you a good sense of what can be achieved here.
There is an existing house and outbuildings which will need to be demolished.
Call me now to set up a viewing of this rare opportunity!