Vacant Land For Sale in Sandton

Property description

With Res 4 zoning for 346 units and favourable development conditions, this 3,964 m2 property holds significant potential.

It’s located within walking distance of Rivonia Mall and is positioned within the high-density development node making it particularly attractive.

The approved rezoning rights, include:
• Usage zone: Residential 4
• Servitudes: N/A
• Height: 5 storeys excluding basement which may not exceed 1,5m above natural ground. This site will provide uninterrupted views to the north & west.
• Coverage: 70% with basement up to 100%
• Floor area: 3.5 [13,874m2] for 346 units
• Density: unrestricted
• Bulk contributions to be paid by the purchaser.

The proximity to the planned BRT bus stations further enhances the property's appeal by ensuring convenient access to public transportation for future residents.

Given the scarcity of high-density zoned land in Rivonia and the council's objectives for regional development, this property presents a valuable opportunity for developers to contribute to the area's growth while meeting market demand for residential accommodation.

Investing in this property aligns well with the broader development goals set forth by the Joburg Council and offers the potential for attractive returns due to its strategic location and favourable zoning regulations.