R6,800,000

R6,800,000

1,487m² Vacant Land For Sale in Parkmore
141 5th Street
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Parkmore Development Land, 1487sqm Corner Stand, Rezoning Underway for 20 Apartments

Web Ref. LRR1032
Land size 1487.00 m²
Monthly Bond Repayment
R69,035.56
This is development land in Parkmore, a 1487sqm corner stand and one of the largest developable parcels currently available in the suburb. The corner gives a scheme two street frontages and better light across the building. Access planning is easier too. Current zoning permits up to 150 apartments. An application to rezone the stand for a 20 apartment scheme is in process with the City of Johannesburg, a yield that fits the stand size and the scale of the surrounding streets. A buyer taking the stand on now joins that process partway through. The structure to make that work is best discussed directly.

Position does the rest. The stand is within walking distance of Benmore Gardens and a short drive from Sandton City. Crawford College Sandton, Redhill, Hyde Park Corner, Morningside Shopping Centre and Mediclinic Sandton all fall within a tight radius. Gautrain access at Sandton station and immediate links to the M1 give residents and tenants the full Sandton commute envelope. For a developer building apartments to sell or hold for rental, the catchment is already proven.

Site visits and detailed development discussions are by private appointment.

Contact Sharon to walk the stand and talk through the rezoning and how a 20 unit scheme could work on it.
Monthly Rates R3,014

Features

Sizes
Land Size 1,487 m²
Additional Amenities
Vacant Land
Development Opportunity
Development Land
Residential
Listing Info
Date Listed 30-05-25
Time Listed 09:16

Parkmore, Sandton

Google map for 1,487m² Vacant Land For Sale in Parkmore

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