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BLOUBOSRAND, RANDBURG DEVELOPMENT PROPERTY

BLOUBOSRAND FOR SALE ON AUCTION

DESCRIPTION:

AFFORDABLE HOUSING DEVELOPMENT OPPORTUNITY

This property is ideally located for an affordable housing development. The site is 9,22 hectares and 6,2 hectares of the total extent is able to be developed due to a flood-line present at the southern boundary of the property which runs adjacent to the river. There are two parts to the property which are divided by a road servitude in the centre. The northern side of the property is zoned Residential 1 and the land on the southern side of the road servitude is zoned Residential 3.

An SDP was approved for 169 opportunities however, you may wish to develop an alternative residential scheme. This offers a developer a blank canvass to develop whatever they wish within the development parameters approved on the property. There are several residential developments currently being undertaken and some recent development has been concluded within the subject node. This provides clear evidence of the high levels of demand for affordable residential accommodation within the area.

 

LOTS

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