R5,500,000

Vacant Land Commercial for sale in Ndabeni

22 Highgate St
1,492m²
Reduced
Residential Redevelopment Opportunity

Excellent residential redevelopment opportunity in sought after node of N’dabeni. Ideally positioned with easy access to N1 and N2 Highways, M5 Freeway and all other major arterial roads, as well as the new Riverlands precinct, accessible from the new Berkley Road extension.

The site currently comprises 2 adjoining erven with improvements as pictured. The erven have been consolidated.

Site development plans have been approved for an apartment block comprising 42 Apartments (39 x 2bed; 3 x 1 bed), with 42 Parking Bays. Final plans will need to be submitted to council as a formality but the approved site development plans have already been through planning; traffic; zoning, etc. and approved demolition certificates are already in place.

The site is surrounded by several other smaller blocks of flats and is located in a highly sought after, central node popular for residential accommodation.

Property Type
Vacant Land Commercial
Stand Size
1,492m²
Reference
2315736
Address
22 Highgate St
Property history
Listed for sale at R5,950,000
05 Sep 2024
Price reduced by 7.6% to R5,500,000
11 Oct 2024
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