Vacant Land for sale in Rosebank, Johannesburg

Prime Zoned Residential Development Land

VAT Registered Sale, Price Exclusive of VAT. (Which the buyer can always claim back.)

Zoning: Residential 4
Height: 7 storeys
Coverage: 100% for basements and 80% for all other storeys
FAR: 4.0
Density: 35 dwelling units on site

1. Contribution costs, which are in addition to the purchase price, have not yet been paid. These are quoted at R3.4 mil. if the zoning is maximised. Contributions would decrease significantly if the buyers intention is not to develop all the full 35 units.

2. The first render shows plans for 5, 4 storey townhouses which wouldn't require any basement parking.
Second alternative renders show plans for 35 apartments which would maximize zoning and require basement parking.

3. Architectural layouts, compliant with zoning, for both a) a 5 townhouse and b) a 35 apartment development scheme will be provided, this is a complimentary add on, what is being sold is the land.
Along with a Geotechnical Survey.
The seller does not warrant the correctness or reliability of any of these these, what is being sold is the land not a going concern; these will simply be provided free of charge to the purchaser.

4. Located within the High Density Town Planning Node of Rosebank, any purchaser is always free to rezone the land and develop in line with a different intention.

Prime development located on a highly visible street in the heart of one of Johannesburg's fast developing high end metropolitan areas. An opportunity that seldom comes along at this price-point.

Motivated seller. Negotiating offers from R4.25 million. Priced to sell.