Ideal if what you need is visibility and space to develop, this property is situated on a busy corner close to the M5 (Randburg to Lanseria) accessible on tar, and with 2 gated entrances, one for the residential areas, and one for the workshop and storage areas. The residential gate is off a much quieter road, with only 4 other residents having access. Surrounding properties are used as residential dwellings and for businesses – manufacturing and storage. It is clear at first view that the area is developing at pace.
The property consists of two adjoining portions: Portion 208 and Portion 8, registered on the same title deed with total land size 10.09Ha (approx). Portion 8 (1.53Ha approx.) is undeveloped. Portion 208 (approx. 8.57Ha) is perimeter fenced and contains multiple residential
buildings, a workshop, a workbay for vehicles, and multiple storage and under-roof spaces. 4 central lock-up garages also feature, with additional lockable parking spaces at dwellings and the workshop.
This property would lend itself to a multiple-family plot, with only limited renovation and sprucing up. It could also serve as a rental income property, and depending on your input, this could be a good income generator. Given the potential of the structures on the property, your own business could grow here, and even provide scope for development of a business rental arrangement.
3 main residential homes are available, the largest with 5 bedrooms. The homes are set well apart from one another, and accessible on paved driveways. Smaller dwellings include temporary workers’ accommodation and single or double cottages. All of these are set up in a walled area to the south of the property.
The main workshop building covers approximately 150m2 and numerous other workspaces and storage spaces are available. This includes the vehicle workbay, with pit. This area is again walled, and forms what could become a small business or manufacturing park. It is accessible off the main road in the area.
The walls on the road perimeters for the entire residential and workshop area are well maintained and secure.
Eskom power feeds the property. Municipal water supply is available. Most of the dwellings are occupied by tenants, and rental contracts will be available. The Northern section of the property is wetland in a small valley formation and not completely fenced. There is reasonably sized space for agricultural development beyond the developments currently existing.
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