Description

EXCLUSIVE DEVELOPMENT OPPORTUNITY IN MENLO PARK, PRETORIA: YOUR INVESTMENT AWAITS

Location Advantage:

Nestled at the heart of Atterbury Road, Menlo Park, this development property boasts an enviable location, strategically positioned amidst premier educational institutions, renowned hospitals, bustling business hubs like Menlyn, Brooklyn, Hatfield, and the bustling Pretoria Tswane City CBD. Seamlessly connected to major roadways including Atterbury Road, Lynwood Road, and the N1 freeway, this property is also seamlessly accessible via public transportation.

Investment Potential:

Explore the immense investment potential in residential apartments catering to the burgeoning middle-income market. With an eye on location, amenities, and quality, this development offers a promising avenue for both rental and ownership markets. The configuration of the apartments accommodates shared living arrangements with private facilities, responding to contemporary housing needs.

Development Highlights:

Property Information: Situated on a 2119 sq. m Erf, the property benefits from a Residential 4 zoning, ensuring alignment with the development vision
Unit Variety: The development proposes a diverse range of units to cater to varied preferences: 10 units with 1-bedroom layouts at 42 sq. m per unit, and 25 units with 2-bedroom layouts at 69 sq. m per unit, culminating in a total of 35 thoughtfully designed units
Parking and Storage: Ensuring convenience and storage, 18 storerooms (6 per floor) are provided. The parking allocation encompasses 60 dedicated parking bays, with 1 parking bay per bedroom, and an additional 9 visitor parking bays
Zoning and Approvals: The property's zoning application has been successfully approved, paving the way for a seamless development process
- Height and FAR: The development spans across 4 storeys, adhering to a height of 1.5 and a Floor Area Ratio (FAR) of 2.0 bay/unit

Additional Information:

The development process is supported by comprehensive documentation:

- SDP Plans: Approved plans ensure a clear blueprint for the development's realization
- Geotechnical Report: Ongoing geotechnical assessments ensure structural integrity
- Land Survey: Completed land survey facilitates precise planning
- Service Level Agreement: Awaiting finalization to ensure quality service delivery
- Demolition: Already completed, clearing the way for new possibilities
- Bulk Contribution: Awaiting approval, contributing to the property's value enhancement.

Investment Proposition:

This development property encapsulates exceptional investment potential, combining strategic location, urban convenience, and thoughtful design. Whether you're an investor seeking rewarding returns or a buyer aiming for a quality residence, this property promises a seamless transition into Menlo Park's thriving landscape. Your investment journey starts here, where opportunity and growth intersect.