Web Ref No 611

We are delighted to offer an unparalleled investment opportunity in the commercial / office / medical or thriving tertiary educational sectors with this expansive 3.3516-hectare property situated in the heart of Sandown Square. This offering includes three adjacent erven (973, 979, and 980) along with developed infrastructure, presenting a prime canvas for the visionary developer or educational institution.

Key Highlights:

Established Infrastructure - Phase 1 of Sandown Square features Erf 69, which is fully developed into an 'A' Grade Office Park and has been sectionalised. This development is complemented by a standalone security setup with dedicated access through a guard house off Passerina Street.

Development Potential - Erf 980 houses Block D, an existing structure with a Gross Leasable Area (GLA) of 2,430m², which represents 80% of the total potential floor area (3,040m²). The remaining erven (973 and 974) are ready for development, ideal for erecting additional educational buildings or student accommodation.

Zoning and Land Use - All erven are zoned General Business (GB1), which supports a broad range of uses including educational facilities and student flats, both considered primary land use rights under the current zoning.

Secure and Accessible Location - The property is enclosed within a secure, fenced precinct, ensuring safety and exclusivity. The strategic location offers excellent accessibility, enhancing its appeal to potential developers and investors.

Comprehensive Offer - The sale includes not only the land but also essential amenities such as the existing Block D, a guard house, a borehole, a pump room, and a backup generator, ensuring a seamless transition and operational continuity.

Investment Details:

Selling Price: R 160 million
Land Extent: Totalling 3.3516 hectares across erven 973, 979, and 980.

This property represents a rare chance to impact the future of tertiary education and student living solutions within a secure and developed environment. Whether expanding an educational institution or creating a comprehensive student living complex, this site offers limitless potential in a coveted location.