861 000 R
2016/04/30, 5:29 PM
Eerste Rivier CBD Commercial Land - A rare bargain find. A vacant commercial site behind the main Eerste River shopping centre in the CBD. Potential for Business zoning, or General Residential development, etc. 861m² at R1,000/m² = R861,000. The property is currently zoned Undetermined. It is located in the commercial zone.This means that there are a number of commercial and general residential possibilities, depending on what you wish to develop on the site. The property will be rezoned to coincide with your development proposal application, as approved by the city. E.G. The development possibilities could be as follows: Local Business 1: FAR = 0.8; Coverage = 50% Local Business 2: FAR = 1.0; Coverage = 75% General Business 1: FAR = 1.5; Coverage = 100% General Business 2: FAR = 2.0; Coverage = 100% Flats: General Residential 2: FAR = 1.0; Coverage = 50%; Height = 15 metres. General Residential 3: FAR = 1.0; Coverage = 50%; Height = 20 metres. General Residential 4: FAR = 1.5; Coverage = 50%; Height = 20 metres. Check with town planning department to verify your proposal specs.