Prime development land, already zoned and prepared for building.
This 1 980 m2 vacant plot at 433 Highland Road in Kensington, Johannesburg, is a developer’s dream! Already zoned for Residential 4, this property has secured SDP approval for 8 modern 3- and 4-bed units, with building plans submitted to the council for final approval.
In addition, 100% payment has already been made for Demolition, Bulk Civils, Guardhouse & Boundary Walls; Town Planner; Land cost; Council Plan submission; Architectural fees; Electricity & Water Connection; Engineers fees; Sewer Connection; Fire Engineers; Roads, Parks & Open Space; Surveyors; and Legal: Consolidation Fees.
Once developed, this property is set to attract upmarket families seeking out the best in Jo’burg’s cosmopolitan lifestyle. Situated within 5km of a range of excellent amenities (including schools, shopping centres, public parks, vibrant eateries, and hospitals), and offering easy access to main transport routes and O.R. Tambo International Airport, this property is ideally located. The investment in urban regeneration in recent years has paid off – the surrounding suburbs of Kensingston, Bedfordview and Malvern are home to some of Johannesburg’s trendiest restaurants, boutiques, and apartment buildings.
Our thoughts on this property
A comment from Regardt Engelbrecht, Auction Executive for Galetti Auction on this property: “The development potential offered by this property makes it a superb investment. All the hard work has already been done – the property is in an excellent location, with zoning and SDP approval already in place, payments complete, and plans submitted to the council. This is an investment opportunity not to be missed!”.
Registered Owner: CPP Property Investment (Pty) Ltd
Registration Number: 2006/025757/07
VAT Registered: Yes
Want to place your bid? Register to join us at our not-to-be-missed auction on 19 April 2023! The auction starts at 12 pm at Katy’s Palace in Kramerville. Find out more about this property here.
