An exceptional investment opportunity is coming to auction! Located in Vanderbijlpark, with massive, approved expansion potential on a generous 3,225 m² stand.
Whether you are looking to refurbish existing units to maximize rental yield or capitalize on the approved plans for significant multi-unit development, this property is a developer's and investor's dream canvas.
Unlocking future value on this massive stand is already underway.
Included in the sale are fully approved building plans for: 3 x New 3-Story Buildings 45 Total New Units (15 Bachelor Flats per building) Approved Future Addition Footprint: 738 m² Approved Parking Area Footprint: 622 m²
Key Property Details: Erf Size: 3,225 m² Zoning: Residential 4 Current Coverage: 398 m² Allowed Coverage: 40% (1,289 m²)
Existing Infrastructure: 3-Story Residential Block (9 Flats Total) Configuration: 3 flats per floor. (1 x 3-Bedroom Flat & 2 x 2-Bedroom Flats per floor). Metering: Each flat is fitted with prepaid electricity and water meters (Note: Currently bypassed by occupants; sold as-is for buyer remediation). Outbuilding: Space previously used as a canteen and a hairdressing salon. And a very compact storage space.
