Property description

169 Units | Prime Olympus Development Land | Approved Residential 2 Rights | 2.12 Ha

Acquire the land. Shape the vision. Create a new residential address in Olympus.    

This 2.12 hectares property on Ajax Street offers developers a substantial land acquisition opportunity with approved Residential 4 zoning and planning parameters providing for up to 169 dwelling units.    

Positioned between Planet Fitness and IQ Bronberg, directly across from Heron Hill Garden Estate, the property combines development scale with an established residential setting.    

DEVELOPMENT PARAMETERS    

• Approved Residential 4 zoning.
• Density of 80 dwelling units per hectare, capped at 169 units.
• Building heights of up to five storeys.
• Floor area ratio of 1.4.
• Coverage of 45%, excluding covered and basement parking.
• Total documented township area of 2.12 hectares.
• Residential land component of 2.11 hectares.    

These parameters provide scope for an apartment development, with final design and achievable yield subject to the applicable approval conditions, site development plan, parking requirements, services and ground conditions.    

AN ESTABLISHED LOCATION FOR YOUR NEXT DEVELOPMENT    

With Heron Hill Garden Estate across the road and fitness and education facilities nearby, this site offers a recognisable location around which to position a new residential project.    

The sale comprises the land and existing improvements. The purchaser will undertake the development, including infrastructure installation, construction and outstanding approvals. Existing structures are present, with demolition envisaged in the layout documentation.    

DEVELOPMENT INFORMATION AVAILABLE    

A supporting information pack is available for serious purchasers, including:    

• Township layout and planning conditions.
• A signed floodline certification drawing incorporating geotechnical information.
• Roads and stormwater engineering cost schedules.
• Water and sewer infrastructure cost schedules.    

The engineering documentation identifies proposed access, pedestrian walkways, service connections and external upgrades to support feasibility planning. Purchasers must verify consolidation status, outstanding servicing obligations, contributions paid and infrastructure completed.    

EXPLORE A LARGER LAND ACQUISITION    

The property is available individually, with two adjoining development properties also available separately. This creates the opportunity to pursue a standalone project or investigate a larger development footprint.    

Selling price: R22,000,000 excluding VAT.  

Contact Bouts Botha or Donavan van Rooyen from Team Apex, RE/MAX Property Merchants, for the development information pack and to arrange a site inspection.