Auction date & time: Wednesday 26 March at 2:30pm
Auction venue: Auctioncentral website
Viewing: By Appointment
• Adjacent to Gosforth park
• The property measures 5.67Ha.
• Boarders two major highways - N3 and N17 interchange
• Multiple billboards on highway potential.
• Ideal residential or business park type development opportunity
• Ekurhuleni council support :
• High density Residential 3 (80 units per HA, Height of 5 storeys
• Business 4 (offices)
• Special for self-storage units
Description:
Strategic Location Adjacent to Gosforth Park
This 5.67-hectare site offers unparalleled visibility and access at the busy N3 and N17 highway interchange. The property’s triangular panhandle shape and gentle
downward slope enhance its exposure to high traffic volumes, making it highly desirable for various development opportunities, including residential, business, and commercial ventures.
Key Features and Development Potential
• Unmatched Highway Frontage:
The property borders both the N3 and N17 highways, providing maximum exposure—perfect for business visibility and potential billboard advertising revenue.
• Ekurhuleni Council Zoning Support:
This prime site is approved for multiple zoning categories, enhancing its development potential:
o High-Density Residential 3: Up to 80 units per hectare and a maximum height of 5 storeys (potential for ±240 units on ±3Ha of developable land).
o Business 4: Ideal for office developments, creating a potential hub for local businesses.
o Special Zoning for Self-Storage Units: Versatile opportunities to meet market demand for storage solutions.
• Scenic Natural Features:
Two streams run along the property's borders, adding natural beauty and creating the potential for eco-conscious developments, whether residential or commercial.
Ideal for a Variety of Development Projects:
• Residential Complex: High-density apartment living, catering to growing housing demand in the area.
• Business Park: Capitalize on the site's exposure and accessibility for office or commercial developments.
• Mixed-Use Development: A blend of residential, commercial, and self-storage facilities.
Surrounding Area Highlights:
• Adjacent to established high-density residential developments.
• Direct bridge access to a thriving light industrial node across the highway.
• Close proximity to essential amenities and transportation networks.
This property offers developers a unique opportunity to capitalize on a rapidly expanding area with immense growth potential. Don't miss your chance to transform this prime site into a landmark development.
Contact us today to access zoning documentation and learn more about this rare investment opportunity!
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