Vacant Land / Plot in North Riding For Sale

24 Derby Drive, North Riding, Randburg

26,960 m²

Description

North Riding's Last Developable Canvas: 2.696ha Prime Residential Opportunity

North Riding's Premier Development Opportunity: The Last Canvas Awaits

Presenting an unparalleled opportunity in North Riding: a substantial 2.696-hectare (26,960sqm) parcel of raw, undeveloped land. This represents the final significant developable site within the highly active and proven Bellairs/Derby residential corridor, making it a truly unique market event. Every other comparable site has been successfully developed, built upon, and sold, underscoring the exceptional rarity of this offering.

The viability of this location is unequivocally demonstrated by the adjacent Sant'Ana estate, VTC Africa's flagship luxury development. This successful project, featuring three, four, and five-bedroom villas and apartments, confirms the strong demand for high-quality residential offerings in the area. With surrounding complexes consistently achieving transaction values between R1.4 million and R2.3 million per unit, the potential Gross Development Value for approximately 47 residential stands on this erf is compelling. This canvas is ready for your vision, whether for a sectional title, full-title estate, or phased release.

Strategically positioned, the property benefits from outstanding local amenities and connectivity. Northriding Square is just 500 metres away, and North Riding Secondary School is within 800 metres. Excellent arterial access via Bellairs Drive provides immediate links to the N14 and William Nicol, placing this site at the geographic heart of a high-density, high-demand residential market that has consistently shown resilience. This is not a peripheral investment; it is central to a thriving community.

Opportunities of this scale and nature in North Riding are exceptionally rare. The seller is asking R19,990,000 and is highly motivated to engage with credible developers and investors. Perimeter offers will be given serious consideration. Seize this last call for a first-mover advantage in one of Randburg's most dynamic growth nodes.