R 12 600 000 | Vacant Land / Plot for Sale in Faerie Glen

Pretoria, Faerie Glen

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Erf Size: 2 434 m²

Attention: developers!

Attention: developers!
Prime property for sale! Faerie glen!
Development in the heart of Faerie Glen now for sale
Project in Indiana avenue has been approved by Tshwane Council on 30/8/22 with a residential 4 zoning. This allows 44 flats in a 4-storey building. Buildable area is 2 453m².
This land is across the road from Pick & Pay Hyper, and also next to the Eye Institute and Builders Atterbury Mart. There is also a borehole on the property.
Existing layout can be changed if existing is not suitable. 250GB WiFi fibre line running to the site. Bulk services are for the purchaser and estimated at R1.2m.
Option 1:
Seller sels the development 100% and walk away. Seller stays in existing building for free (paying W&L) till building plans approved with 1 month notice to vacate. Price is R12.6m
Option2:
Purchaser put down deposit and make down payment(s) within 12-15 months from when building plans approved.
Shares will be issued via lawyer as project matures and limited in time for seller not to loose out if something goes wrong with the developer's project.
Seller stays in existing building for free (paying W&L) till building plans approved with 1 month notice to vacate. Price is R12.6m