Industrial / Business Property
or
Potential for High Density Residential
The property is Currently Zoned Industrial 1, with a 85% Coverage, with a 0 Height Restriction!!! The property can be easily converted to Residential.
Between Olifant, Kraft, Serenade & Amber St, Elandsfontein / Rietfontein - Germiston (Near Jetpark)
Prime and NOW READY for Development - +-52,000 Square Metres
The first 9874 SqM from the initial +- 62,000 SqM has been sold to the municipality. The front section will have a new infrastructure including a new formal taxi rank and other facilities.
High Density Residential
A Full Feasibility Study has been completed for High Density Residential on the property. The results are outstanding should a developer wish to convert to Residential. Full details of the study will be available upon full qualification of the interested party.
Strengths and Opportunities
Accessibility
Proximity to public transport facilities
Proximity to employment areas
Proximity to residential development
Site is not environmentally sensitive
Site is surrounded by existing infrastructure
Minimum of 560 Units can be built. Up to 780 could be built!
