Commercial Development Land on M30 Garsfontein Drive in Menlyn Maine Node
Area Summary
The Menlyn node is already a commercial/retail/residential growth area within Pretoria East. Being in Waterkloof Glen and fronting on the M30 / Garsfontein Road which is a major arterial road providing “front-of-mind” exposure. Land fronting the upgraded major road increases its potential value because it becomes more accessible, more visible, and more suited for commercial uses whose value often correlates with accessibility and exposure.
Significant infrastructure upgrade to the M30 / Garsfontein Road into a four-lane divided carriageway (including pedestrian lanes) by the Gauteng Department of Roads and Transport and the City of Tshwane. This upgrade is specifically intended to “unlock and integrate major economic nodes” (including Menlyn) and improve access to business/residential estates.
Property Information
The proposed development, which is approved by council, allows for a Building with an Upper Ground, 1st Floor and Lower Ground Parking with Gross Floor Area of approximately 1070m2 in the Sectional Title Scheme known as UNIT 2 MENDELSOHN MED. Unit 1 is complete and occupied.
FUTURE UPSIDE: A commercial land parcel that fronts onto a major arterial road (especially one undergoing improvement) has brand/visibility value: signage, access, convenience.
