R265,000,000
Rare Land Investment Opportunity in the heart of Sandton.
38 000 m2 of vacant land available for development in the heart of Sandton Central, this prime piece of land is in one of the busiest sections in the node.
With special use zoning the property has primary rights for business, retail, residential buildings, dwelling units, institutions, places of amusement, instruction and refreshment. As per scheme consent rights permit all other uses excluding industrial and public garages.
Permitted height for developing is 40 stories, this could be increased in terms of an approved site plan. Coverage is 70% of the total ERF area (including servitudes). Coverage for parking structures could be increased with the approval of the site development plan. The floor area as per scheme is 120 000m2, provided that the retail floor area shall not exceed 4000m2.
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