Vacant Land Residential for sale at 124 Lombardy Boulevard, Lombady Estate
Create a waterfront residential oasis in Lombardy Estate, steps from the health spa and lakes. Rezoned for six-storey New York-style apartments with concierge services and lake views.
The Ultimate Opportunity for Developers: Acquire land in a successful estate that has been selected for the development of luxury New York-style apartments. The erf is uniquely positioned in the middle of Lombardy Estate & Health Spa's serene lakes and lush surroundings.
REZONING IS ALREADY IN PLACE - RES 4.
Due to the downsizing trend, the luxury apartment market is steadily growing. Affluent, middle-aged buyers look forward to moving out of traditional high-maintenance houses and into upmarket flats. Stylish, modern living, with reduced maintenance.
Lombardy piazza investors may request various hotel services, including housekeeping and concierge services. Being high-rise, these luxurious and exclusive apartments will enjoy an unhindered view of the Lombardy water lakes and beautifully landscaped gardens.
ERF USE;
Residential 4
LOCATION;
Uniquely positioned in the middle of Lombardy Estate's serene lakes and lush surroundings.
SIZE;
9436 M2
BUILDING LINES;
3M from street boundaries.
HEIGHT;
Shall not exceed 6 storeys
DESCRIPTION;
New York-style apartments
NUMBER OF UNITS;
+/- 50 Luxury units
AVERAGE UNIT SIZE;
Dependent on the final concept design
FLOOR AREA RATIO (FAR);
Shall not exceed 1.2
PARKING;
As per the town planning scheme
COVERAGE OF BUILDING;
Will be in accordance with the approved site development plan
Listed for sale at R11,500,000
Wide price range across Pretoria
Prices vary widely across Pretoria, so a like-for-like comparison isn't reliable for this home.
Above the typical range for Pretoria.
Market depth
131 similar homes
146 listings across Pretoria
165 days
Median time on market
Many similar homes
Active across Pretoria
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Paradiso is a quiet, well-established residential enclave in Pretoria that offers residents a peaceful suburban atmosphere with convenient access to essential urban amenities and major transport routes.
