Vacant Land For Sale in Theresapark, Akasia

Excellent investment opportunity – 2.4 HECTARES GOLF ESTATE SECTIONAL TITLE DEVELOPMENT WITH DENSITY OF 300 UNITS

DETAILS OF PROPOSED DEVELOPMENT:

• Size: 2.4 Hectares
• Zoned: Residential 3
• Density - 300 sectional title units (on the consolidated erf) – no objections to application.
• Units: One- and two bedroom units (proposed layout plans available)
• Architectural style: Based on modern country style to accommodate the average to higher entry-level market.
• Height: three storeys (provided second and third storeys do not affect privacy of adjoining properties
• Sales price of units: Starting price from R 500 000.
• Locality: situated in the northern suburbs of Pretoria and adjacent to golf course that has been operational since 1990
• Commencement: immediately on receipt of written approval
• All development rights are in place (Previously approved as conventional full title individual stands. Due to market changes and residential requirements Tshwane City Council has agreed to conversion to sectional title rather than full title development. Written approval of conversion currently awaited).
• Bulk services: approved for full title stands. To be carried over to sectional title development.

Owners of units will be able to enjoy the golf club facilities. The golf course is situated on the northern slopes of the Magaliesburg with a subtropical climate and river that adds to the character of the area. The extensively upgraded waterway provides water hazards for the course and draws a large variety of bird species.

Pretoria North, with an influx of junior professionals and top structure employees, has an urgent need for an exclusive development in an area close to where they work. Current economic climate has also created an urgent need for rental properties. Investors thus assured of tenants.

DEVELOPMENTS IN THE AREA BOOSTING THE NEED FOR AFFORDABLE HIGH-END HOUSING:

Extensive economical investment in the area:

• Upgrading in the motor industry (BMW is expanding operations in Rosslyn – thus more directors requiring housing and more supporting businesses springing up as part of the supporting industries);
• Mining sector is expanding in this direction with numerous new shafts being explored and sunk Pretoria North side of Brits
• Many senior staff in the mining community currently reside in the Pretoria North and are expected to invest in these units due to the exclusivity of the golf estate properties.

IN CLOSE PROXIMITY TO:

• Theresa Park Primary School
• Gerrit Maritz High School
• Wonderpark Shopping Centre – 3 kms
• Pretoria North Shopping Mall – 2 kms
• Kollonade Shopping Centre – 5 kms
• Loftus Versfeld Rugby Stadium – 15 kms

Contact agents for an exclusive viewing