Johannesburg Weltevreden Park,Gauteng,Roodepoort
CALLING ALL PROPERTY DEVELOPERS. This Prime Land is situated in the heart of Weltevrenpark. It has currently been approved for 20 units per ha. Totaling 34 stands. (Electricity approved) Application has been made to the council for higher density, possible total units between 50 and 64 units, or possible rezoning for various other usages, e.g. Commercial (offices), Educational Facility, Medical and wellness center or church. Should this be developed into a gated cluster development with 34 stand, one can expect A selling price of R1,500,000 per unit. Should the application for higher density be successful one can look at possible 64 Sectional Title units of plus minus 80 meter square at a selling price of R900,000 per unit There is a well cared for thatch house with a large pool which is ideal to be used as a club house or incorporated into any new venture, as well as some outbuildings. The property currently runs on 3 phase electricity and municipal water. There is a bore hole with weeping water deliverance.