Approved Development Land for sale in Lynnwood Glen, Menlyn Area
Development Land for sale in Lynnwood Glen: Approved for 36 residential units. Bulks now payable.
CH Professional – Development Land mandate
1983m² land, approved for 36 residential units.
Location: Lynnwood Glen (Menlyn area)
- Popular, quiet residential area
- less than 1km from Menlyn Maine
- 7km drive from N1 highway on-ramp
- Comparable sectional title properties sold at around R21,000/m² (market studies available)
Annexure T details:
Erf size: 1983m² land
Use Zone: 4: Residential 4
Uses Permitted: Block of Flats
Density: 182 Dwellings per hectare (maximum of 36 dwellings-units on erf)
Coverage: 60%
Height: 4 Storeys
Floor area ratio: 1,6
Contributions: Specifics about bulks and contributions are available upon request
Asking price: R4,00,000 Excl VAT
- Land cost: R125 000 per building opportunity, VAT Excl
- Seller is VAT registered
- Price excludes VAT at 15%, which would have to be added to the price by purchaser, and claimed back from SARS after the transfer
The Professional Development Estate Agent
Contact the professional development estate agent Chrisjan van Heerden: 0842489757
– MSc Property Studies
– BCom (Hons) Entrepreneurship & Marketing