Van Rhyn Small Holdings - f108900

Property
Description

Property Description

Development opportunity, fully approved residential estate. The property presents a prime residential opportunity for investors and developers. The 3.63 hectares of land lies within the sought after area of Cloverdene, Benoni. Zoned for Residential 1, the land has been approved for a residential estate consisting of 87 units (3 bedroom with 2 bathrooms). The essential groundwork has already been completed, potentially saving the prospective purchaser considerable time and development costs, also providing a head start for developers and investors. Borehole available. The development has received the necessary approval from the local municipality with all critical requirements already completed such as: Approved zoning rights Completed geotechnical testing Approved SG diagrams Full township establishment approval Conditions of establishment paid and in place Strategically located near essential amenities, educational institutions major transport routes, this development site presents an attractive investment prospect with the potential to benefit from strong residential demand with long term returns.

Features

Land Size: 36 302 m² (±3.63 ha)

Road Access: Yes

Zoning: Residential 1

Approved for a residential estate of 87 units (3 bedroom with 2 bathrooms)

Approved zoning rights

Completed geotechnical testing

Approved SG diagrams

Full township establishment approval

Conditions of establishment paid and in place

Essential groundwork already completed

Borehole available

Coverage: 55%

Height: 2 storeys

Building Line: 5 m

Open Parking Bays: 2

Area Description

Cloverdene is an established small-holdings and residential area within the Van Rhyn / Putfontein belt of Benoni, on the East Rand of Gauteng, in the City of Ekurhuleni. The area is characterised by larger agricultural small holdings transitioning to residential development, with growing demand for affordable residential estate housing. The subject property fronts 3rd Road in Van Rhyn Small Holdings and is strategically located near essential amenities, educational institutions and major transport routes, with everyday facilities such as the Cloverdene Shopping Centre and Shoprite close by and the larger Lakeside Mall and Benoni hospitals within a short drive. The location is well connected to the surrounding arterial and highway network, including Putfontein Road, the N12 and the R21, giving convenient access to Benoni, the greater East Rand, O.R. Tambo International Airport and Johannesburg. The combination of approved development rights, completed groundwork and strong residential demand makes it an attractive development site.

Area Amenities

Ekurhuleni Agriculture College – approximately 0.3 km

Shoprite Cloverdene – approximately 1.3 km

Cloverdene Shopping Centre – approximately 1.3 km

Laerskool Putfontein – approximately 2.5 km

Lakeside Mall, Benoni – approximately 7.7 km