Serious seller looking at reasonable offers!

Create an unforgettable riverside events destination near Lanseria's evolving smart-city, with expansive river frontage and development potential — five minutes from Lanseria Airport, 30 minutes to Sandton.

As stated in the SONA: 'A new smart-city is taking shape in Lanseria, which 350,000 to 500,000 people will call home within the next decade.'

This property is currently occupied by going concerned, GZ Adventures, with river frontage, perfectly situated for a wedding venue, conference facility, or hotel to service the expanding Lanseria Airport.

This business opportunity is well-positioned to benefit from the Regional Development Framework's urban expansion plan and the formation of the Lanseria area Precinct, formed in response to the growing demand for commercial sites in the area.

Best of both worlds, 5 minutes from Lanseria Airport and 30 minutes from Sandton.

Monthly Costs

Estimated Repayment

R 61,835

TotalR 61,835

* Monthly costs are estimates and should be confirmed with the agent.

Property history

Listed for sale at R6,999,000

04 Dec 2023

Smart Property Insights

MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties

Based on 21 listings in Randburg (town)

Insight

Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 88% below the median. Land size is 1185% larger than typical for similar land.

Benchmark uses town-level data where suburb sample size is limited. Premium areas may trade above town averages - check with the agent for local guidance.

Based on 21 active similar listings — Moderate confidence

Similar properties pricing

This landR 6,999,000Within range

R 1,300,000R1.3MP25

R 3,500,000R3.5MMedian

R 9,400,000R9.4MP75

R 1,300,000R1.3MP25

R 3,500,000R3.5MMedian

R 9,400,000R9.4MP75

Key differences

Price per m²88% belowGood value

This landR 54/m²

Area medianR 449/m²

Based on 21 listings

Land size1185% aboveAbove-average space

This land128480 m²

Typical size10000 m²

Based on 21 listings

Market depth

21 similar listings

Medium similar land inventory town-wide (Randburg)

Median time on market: 240 days

Randburg Insights·Lanseria Insights

* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0

Area Overview

Lanseria offers a tranquil, semi-rural lifestyle with expansive properties and a strong sense of community, perfectly suited for those seeking a peaceful retreat while remaining conveniently connected to major business hubs via the airport and arterial highways.