Description
Here is the perfect opportunity to
acquire a 4,015m² Douglasdale property at102, Malgas Avenue. Located along one of the most desirable
Greenpark streets, this is a dream location for an astute, multi-dwelling
developer to acquire land, packed with up-market cluster development potential.
Town Planners have on behalf of the
owners, successfully facilitated removal of restrictive conditions,
and subdivision of the property into Residential 2 Erven of approximately 535m² each,
with a central spine road of approximately 800m². Section 34 applications for the installation of
stormwater, sewer, and electricity connections are due for submission.
Prospective multi-dwelling developers could
contemplate building luxury, boutique type designer family homes to become a
desirable micro-cluster community with only 6 front doors.
Homes here could potentially be sized from
about 400m² on generous, north facing leafy green stands on a gentle south to northerly slope. Plans could be customized to suit, with
fittings, finishes and detailing personalized. You have direct access from a
single entrance on the lovely, tree-lined Malgas Avenue onto the site. A green, solar powered solution could be a
significant feature to the homes if offered.
People talk about the intimacy and the
community feel of this Green Park location, perfectly situated between two of
Douglasdale’s most prestigious high end complexes.
Coupled
with the location close to Fourways, and
with 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 102 Malgas Avenue would
typically appeal to an established, environmentally conscious property developer/contractor, with the vision
and the know-how to deliver the aspirational, market desired, upmarket aesthetic
in a cluster type home in Douglasdale’s Green Park.
For more property
specification/details Shante or Guy
5
5437m2
