Property details
800m from Loftus Park – Mixed use development opportunity: resi, retail, school, student housing, ect.
Mixed use development opportunity near Loftus Park and Tuks University.
Calling all property developers!
Rectangular stand of 1270m²: located in an area earmarked for Mixed use Development
Opportunity – only some 800m walk from Loftus Park shopping centre.
This area is very popular for development of student accommodation, schools and high-density housing.
The property has an existing main house of about 230m² (with beautiful wooden finishes) and outbuildings of about 150m².
There is also a strong equipped borehole servicing the property.
What does Mixed use development opportunity mean?
MIXED USES is defined in the RSDF 2018 as: “Refers to land uses such as offices/ commercial/ residential/ industrial/ retail/ entertainment/ institutional etc. It also refers to a mix of uses within a specific area (node or corridor). The advantage of mixed uses is that access and convenience are increased as transportation distances are decreased. The combination depends on the specific area. Mixed-uses may refer to retail at street level, institutional on the floor above and residential on the upper floors, or only one use per erf. Principles regarding retail, commercial and industrial uses/rights are still applicable as indicated in this document. Mixed uses in an industrial area may include industry, commercial and retail uses.”
Property Development Professional Estate Agent
Contact the professional development estate agent Chrisjan van Heerden, of CH Professional on 0842489757
– MSc Property Studies
– BCom (Hons) Entrepreneurship & Marketing