House For Sale in Sandhurst, Sandton

Set on an expansive 4,002 square metre stand, this prestigious property at 166 Empire Place presents a rare and exceptional development opportunity in one of Sandhurst’s most coveted locations. Situated firmly within the Sandton Metropolitan Node, the site offers flexible and highly lucrative options for visionary developers. Unmatched Zoning and Development Potential. The true value of this asset lies in its exceptional redevelopment capabilities, supported by current city planning frameworks:In terms of the City`s Nodal Review Policy, this specific Metropolitan Node is earmarked to support high-density residential developments of at least 80 dwelling units per hectare. Town planning consultants have indicated that a rezoning application to "Residential 3" is highly viable, which would permit a density of 100 dwelling units per hectare. This proposed density allows for the construction of a maximum of 40 exclusive dwelling units on the site, subject to the necessary municipal approvals. The property`s strategic proximity to the Gautrain further increases its development potential and appeal for high-density, luxury living. Existing Infrastructure and Interim Versatility. The substantial stand is particularly appealing because a gracious Georgian-style family residence already occupies approximately one half of the property. This creates a number of attractive possibilities for the purchaser: Income Generation opportunity whilst planning & approvals are ongoing: The existing character-filled home can provide a substantial rental income stream while the development, rezoning, and planning processes are underway. Estate Integration: Alternatively, the residence could be retained and the property subdivided to create a bespoke, exclusive estate. Existing Amenities: The current home features six bedrooms, four bathrooms, and three garages, complemented by generous reception areas and a spacious farmhouse-style eat-in kitchen. Professional Space: A large, separate office/work-from-home facility provides additional versatility, ideal for a professional practice or executive workspace. A Compelling Acquisition

Enjoying an elevated position with exceptional views toward the Sandton skyline, The property combines scale, a prime Sandhurst address, and extraordinary future potential. Ultimately, the entire erf offers the canvas to be repositioned as a landmark residential development in South Africa`s financial heartland.