R6,299,000
R6,299,000
Monthly Bond Repayment R68,262.71
Calculated over 20 years at 11.75% with no deposit.
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3 Bedroom House For Sale in Alphen Park
This prime property in Alphen Park presents a unique opportunity for developers. With a size of 2068m2 and convenient access to Garsfontein Road, its proximity to MENLYN MALL adds significant value.
The existing house, solidly built over 53 years ago, provides a foundation for potential redevelopment into something new and modern.
The key feature of this property is the chance to rezone it to Zone 4, offering a range of possibilities, particularly for office development. The neighboring property already holds retail rights, and the adjacent one is developing residential units.
Additionally, the property boasts a strong borehole, providing a valuable water source.
Upon registering the necessary rights, the installation of advertising boards can provide a substantial passive rental income, further enhancing the investment potential of this property.
Given the strategic location, existing developments in the vicinity, and the flexibility offered by potential rezoning, developers should act swiftly to seize this opportunity and unlock the full potential of this prime piece of real estate.
This 2000 square meter stand in the heart of the Menlyn Urban Development Framework is a developer's dream. The existing beautiful old house presents a unique opportunity for conversion into offices, blending historical charm with modern functionality. A coffee shop and beauty spa with its beautiful tree-filled garden for functions is a great opportunity.
The versatility of the property extends beyond the house itself. With the substantial size of the erf, there's potential for high-density residential development, an office block, or even a commercial development, offering developers a range of possibilities to explore based on market demand and zoning considerations.
Its strategic location in Alphenpark, with frontage on Garsfontein Road, adds to its appeal. The property is a gem and the last of its kind already earmarked for development, making it a rare and valuable find.
Make an appointment and explore the options.
Features
Interior
Bedrooms
3
Bathrooms
2
Reception Rooms
3
Studies
1
Exterior
Garages
2
Carports / Parkings
6
Security
Yes
Sizes
Floor Size
450m²
Land Size
2,068m²
Alphen Park, Pretoria
Pretoria, (now known as Tshwane), South Africa’s executive and National capital is also commonly referred to as the “Jacaranda City” as a result of the thousands of Jacaranda trees lining its streets.
The Greater Pretoria region of Gauteng includes the towns of Centurion, Cullinan, Bronkhorstspruit, Pretoria,Bapsfontein and all their surrounding areas. All of these towns (each of which...
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.