R11,750,000
R11,750,000
Monthly Bond Repayment R123,287.58
Calculated over 20 years at 11.25% with no deposit.
Change Assumptions
Prime Development Opportunity for Cluster Housing Developers in Elardus Park
Prime Development Opportunity for Cluster Housing Developers
Location: Situated in a highly sought-after area near Waterkloof High School, Elarduspark Primary, Route 21 Industrial Park and Castle Gate, these three adjoining erven present a unique investment opportunity in one of Pretoria’s most desirable residential zones.
Highlights:
• Strategic Location: Positioned within easy reach of top schools and prominent shopping and lifestyle centres, these erven are ideal for families seeking proximity to quality education and amenities.
• Exceptional Demand: With the rapid urbanization in Pretoria’s eastern suburbs, there is an increasing demand for modern, secure cluster housing options. This property offers developers the perfect canvas to satisfy that need.
• Community Appeal: The area is well-known for its vibrant, family-friendly environment, established infrastructure, and secure neighbourhood, making it highly attractive to prospective homeowners and tenants alike.
Investment Potential:
• Flexible Development: The size and zoning of these erven allow for a versatile approach, accommodating multiple units in a well-planned cluster housing setup.
• High Return on Investment: Cluster developments are particularly popular in this area, with a track record of strong rental yields and excellent property appreciation, making this a highly profitable venture.
• Growth Market: The proximity to major thoroughfares and the constant growth in commercial and residential developments make this an ideal time to invest.
This is a rare opportunity for developers looking to capitalize on one of Pretoria's high-demand residential areas. Create a desirable cluster housing development that brings style, convenience, and quality living to a thriving community!
The three properties rezoned for “Residential 3” is owned by a (Pty) Ltd, which would enable transfer to a developer seamlessly. The owners (Pty) Ltd also guarantees the successful consolidation of the properties, as well as the rezoning to “Residential 3” in order to develop a single Residential Development on the three properties.Zoning - Res 3Parking Provided - 55 (required 36)Hight allowed - 2 storeysCoverage allowed - 50%24 unit site plan from 76sqm - 96sqm
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