1 ha Land available in Pretorius Park

Land zoned for residential development in the East of Pretoria

Land zoned for residential development in the East of Pretoria

Size of land: 10000 m

Purchase prize: R7 990 000.00

Opportunity cost: R133 167.00 per unit.

Use zone: 28. special

Uses permitted, Hotel with 100 rooms and/or dwelling units

Maximum of 60 dwelling- units.

Coverage: 60%

Height Three storeys

FSR (Floor space ratio ): 0.6

Rights have been renewed yearly.

Next step is to finalise to service agreement with municipality.

For sectional title units or blocks of flats provision shall be made for an additional area to be used for a childrens playground. The owner of the property must develop and maintain at least 4 m per dwelling unit with a minimum area of 50 m on the property as a childrens playground.

Demarcated parking spaces shall be provided.