Commercial Property for sale in Pinetown Central

R5,000,000
  1. 2,013m²
  2. Web Ref: 1025177

Property Features

ERF Size 0 m²
Building Size 2013m²

PRIME CENTRAL PINETOWN DEVELOPMENT SITE- 64 RESIDENTIAL UNITS

Development currently permissible on site with the new zoning:

The property is 2 013m2 in extent
FAR = 2.0
Coverage = 60%
Height restriction 4 storeys
No density restriction.
There is a C3 station on Josiah Gumede Rd between Crompton St and Meller Rd which is within a 400m radius of my site, and therefore in terms of the additional development control No. 4 on the attached table there would be no parking requirement.
The site is subject to a 2,8m wide road servitude along the Sunnyside Lane frontage.
The scheme regulation require that road servitudes are deducted from the site area and therefore the net development area of Rem of Erf 1888 is about 1 878m2.
The potential floor area is then 3 756m2 which over 4 storeys represents a site coverage of 50%.
At 53mt.sq per unit the site could yield 63 units.
No rezoning is required for the above development envelope, we need only submit our building plans for approval to develop the site.

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