Commercial for sale
Elevate your corporate base in Melrose Estate — prominent corner frontage on Venus Street with high visibility, steps from Rosebank Gautrain, sold with award‑winning LYT Architecture conceptual plans.
An exceptional redevelopment opportunity in the highly sought-after Melrose Estate commercial node. Located on the prominent corner of Venus Street and Glenhove Road (M20), this 3,842 sqm stand offers highly visible street frontage on one of the primary arterial routes linking the M1 Motorway to Rosebank.
Benefitting from the ongoing eastward expansion of the Rosebank business district and its close proximity to the Rosebank Gautrain Station, this site is perfectly positioned for a corporate head office or premium multi-tenant development.
Zoning & Development Parameters:
The property is fully zoned and ready for development, with parameters offering excellent flexibility and yield:
Zoning: Business 4 (Offices)
Erf Size: 3,842 sqm
Floor Area Ratio (FAR / Bulk): 0.8 (Permissible bulk of 3,073 sqm)
Coverage: 40%
Height Restriction: 3 Storeys
Added Value:
The site is sold with state-of-the-art conceptual plans drawn by the award-winning LYT Architecture. The proposed design features a striking 3-storey, 3,073 sqm office building that perfectly balances maximum bulk utility with generous allowances for parking and landscaped surrounds.
Development controls act as a mathematical envelope for the architect. Here is how they interact on this specific 3,842 sqm stand: Maximum Footprint (40% Coverage): The building can take up a maximum of 1,536.8 sqm of the ground.Maximum Floor Area (0.8 FAR): The total usable internal space of the building cannot exceed 3,073.6 sqm.The 3-Storey Interaction: If a developer built to the absolute maximum 40% ground coverage (1,536 sqm), they would only have 1,537 sqm of bulk left for the upper floors. This would result in a bulky 2-storey building.
Based on the property`s current zoning, the Floor Area Ratio (FAR) is 0.8.
Total Permissible Bulk: 3,842 sqm × 0.8 FAR = 3,073.6 sqm of developable floor area.
Current Asking Bulk Rate: R16,000,000 / 3,073.6 sqm = R5,205 per sqm of bulk.
Listed for sale at R16,000,000
Melrose Estate is a prestigious and leafy residential suburb in Johannesburg known for its tranquil atmosphere, proximity to major business hubs, and high-end lifestyle amenities.
