Exceptional Development Opportunity in Sandown
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.
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.
Features
Zoning
Sizes
Listing Info
Sandown, Blouberg
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Documents
Finance
Total Amount Repayable
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Monthly Repayment
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Disclaimer
While every effort will be made to ensure that the information contained within the Aska Property Group website is accurate and up to date, Aska Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
