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Vacant land in Parkmore, 991 m², approved for 20 residential units across three floors. Ready for development.
Attention Developers and Construction Firms:
An outstanding opportunity awaits in the prestigious suburb of Parkmore. This fully rezoned vacant land comes with approved development rights and detailed council documentation, offering a ready-to-develop solution for experienced builders and investors.
Property Highlights:
Rezoned & Approved for Development
This 991 m2 parcel has already been rezoned for residential development, saving time and regulatory delays. Official council documentation confirms approval for 20 residential units across three floors each, allowing for efficient multi-unit construction.
Draft Plans Included
Architectural plans have been drawn, enabling developers to immediately commence construction. This makes it ideal for those looking to execute a build-to-sell or build-to-rent strategy.
High-Demand Location
Situated in the heart of Parkmore, the site enjoys walking-distance access to Sandton, Benmore Gardens, schools, and major shopping hubs. This prime location ensures strong end-user appeal for both buyers and tenants.
Excellent Transport Links
Strategically positioned with easy access to major routes such as the M1, William Nicol Drive, and Grayston Drive, providing direct connectivity to Sandton CBD, Fourways, Randburg, and surrounding commercial nodes.
✔ Optimal Site Size
At 991 m2, the land size strikes the perfect balance between development potential and construction manageability—ideal for a compact yet high-yield project.
Why Invest in This Development Site?
Ready-to-develop with no rezoning delays
Situated in a high-demand residential area
Approved for 20 units over three floors
Suitable for sectional title sales or long-term rental portfolio
Strong ROI potential in an established, sought-after suburb
Act now to secure this rare, council-approved development site in one of Johannesburg’s most promising residential zones. Opportunities like this in Parkmore are scarce — don’t miss your chance to capitalize on the ongoing demand for quality urban housing.
Contact Piet today to seize this exclusive investment opportunity!
Disclaimer: All measurements and figures are approximate. Terms and conditions apply.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R3,500,000
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 42 listings in Sandton (town)
Insight
Priced below the median for similar land listings in the area. On a price-per-land-m² basis, it is 86% above the median. Land size is 63% smaller than typical for similar land.
Similar properties pricing
Key differences
Market depth
42 similar listings
High similar land inventory town-wide (Sandton)
Median time on market: 111 days
* 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
Parkmore is a highly sought-after, leafy residential suburb that offers a peaceful, family-friendly atmosphere while remaining exceptionally close to the vibrant business and retail hubs of Sandton.
* Distances and amenities are approximate.
