PRIME DEVELOPMENT OPPORTUNITY IN A SOUGHT-AFTER AREA IN VAALPARK
These vacant stands have exceptional potential with convenient access via the N1 to the R59 and only ±80 km from Johannesburg.
The vacant development land is situated in the fast-growing node of Vaal Park, Sasolburg, and is surrounded by new developments with huge potential as this area is expanding at a swift pace.
This well-established suburb is in an excellent location in a high-demand area for residential properties, either to sell or to let, and has easy access to amenities, various schools, shopping centers, healthcare, and transport routes.
The 1.8038 Ha land is ideal for residential development such as a Retirement Village, or the property can also be subdivided into full title stands with good road access from a tar road and close to available services. The zoning is currently Residential General with permissible uses: Residential building, block of flats, and / or residential complex.
The Vaal Triangle continues to experience a growing interest in retirement living, making this a high-potential return investment.
This property will be presented in 2 lots.
Lot 1:
This expansive 1.8Ha vacant stand is zoned for residential development. The property holds land use rights allowing for up to 72 dwelling units, making it ideal for a high-demand housing project.
Lot 2:
14 Large full title stands that will be offered collectively and have the potential to be consolidated to create Phase 2 of the residential development of Lot 1.
LOT 1 DESCRIPTION
This expansive 1.8034 Ha plot comes with approved plans for a retirement village, offering a chance to create a thriving community for seniors.
The approved plans include 52 residential units comprising:
• 20 x 1-bedroom units
• 20 x 2-bedroom units, and
• 12 x bachelor units.
• Additional facilities on the plan include an office block, a frail care center, and a security office.
This development promises to provide a comfortable and secure living environment for retirees, with a range of unit options to cater to different needs and preferences.
This is a development opportunity for investors ready to step into a pre-approved, future-proof project in a sought-after area.
LOT 2 DESCRIPTION
14 x Full Title vacant development stands located in a residential area, with a high demand for residential dwelling units.
These stands have the potential to be consolidated into various groupings or 1 large stand, or additionally also have the potential to be incorporated as Phase 2 of the Retirement development of Erf 2510.
These stands are currently full title stands and can be sold as such.
