Description

Two homes currently on the property  

 Unique Residential Development Land Opportunity for Sale. 

Bellairspark /Northgate/ North Riding Suburban area. 

Asking R4,800 000

Here is the perfect opportunity to acquire an 8,567m² Belair'sPark North Riding property, just off Malibongwe Drive and neighboring the popular North Riding suburban hub. This is a dream location for an astute, multi-dwelling, multi-application developer to acquire land, packed with up-market townhouse /apartment development potential.  

The property is located at 937 Malibongwe Drive, opposite and justeast of Northgate Centre. Private entrance is gained from Malibongwe, aprovincial road, but future access is permitted from Bouvet Road, North Riding,which is accessed from busy Bellairs Drive. Such access lies on the neighboring Erf 18 Extension 7. 

The beautifully treed and land-scaped ground, slopes approx. 4meters from the west down to the east boundary. There is a large, north facing home on the site together with a workshop shed. The property is fenced on the western, north and southern boundary, It has a 1,8 meter high brick wall with established residential neighbors, on the eastern boundary.  

As the property falls under the Jurisdiction of Randburg and under the Northern Regional Nodal Plan, Town and Urban Planners have succeeded in obtaining an approved density of 80 dwellings/hectare which allows for either Residential 2 erven, or Residential 3 Sections with a possible extension to 102 units, subject t a parking provision of which there is ample supply. 

A green, solar powered solution could be a significant feature to the homes if offered. 

Stormwater, sewerage and fire hydrants have been installed and linked to existing main central service outlets. The property has its own borehole water supply. Provisional application to City Power has been made with positive and authoritative reply received.  

Market and desk research indicates the popularity of residential housing in Bellairs Park and North Riding, with properties selling for more than R1,1million plus with more than 64% of recent buyers in the area falling in the age profile of 18 to 49. Being a lifestyle-friendly area, it is also an ideal location for young families. 

People talk about the intimacy and community feel of this location, perfectly situated between Randburg’s best known regional centers. With brilliant schooling, entertainment and services nearby, plus easy access via arterials in or out, development land must be a smart investment with highly profitable returns expected down the line. 

The acquisition of Erf 17 Bellairs Park, would typically appeal to an established, environmentally conscious property developer/contractor, 

religious or educational institution, with the vision and know-how to deliver the aspirational, market desired and related type of home, place of work, education or worship.