R5,500,000

R5,500,000

1,487m² Vacant Land For Sale in Parkmore
141 5th Street
Print

Parkmore Development Land, 1487sqm Corner Stand With Scheme Flexibility

Web Ref. LRR1032
Land size 1487.00 m²
Monthly Bond Repayment
R54,910.89
This is development land in the heart of Parkmore, a 1487sqm corner stand and one of the largest developable parcels currently available in the suburb. The corner position gives a scheme dual street frontage, easier access planning and better light across the building. Current zoning permits up to 150 apartments. The bulk services contribution required for a scheme at that scale has historically deterred buyers, so a smaller apartment scheme is the more practical path on land of this size and position. The structure to make that work is best discussed directly.

Position carries the value. The stand sits 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.

Monthly rates are approximately R3,014. Site visits and detailed development discussions are by private appointment.

Contact Sharon to walk the stand and explore how the development can be structured to suit your scheme.
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

Disclaimer

While every effort will be made to ensure that the information contained within the Limestone Residential Properties website is accurate and up to date, Limestone Residential Properties makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.