SOLE MANDATE
Web Ref RL9147
R4,999,000
23 Malgas Avenue, Douglasdale, Sandton
Monthly Bond Repayment R52,452.30
Calculated over 20 years at 11.25% with no deposit.
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Monthly Rates
R6,300
R6,300
The perfect opportunity to purchase an approved, residential township property in Douglasdale.
Negotiating from R4 999 000.
Located along one of the most desirable treelined 24 hour guarded street. Malgas Avenue is a dream location for an astute, multi-unit developer to acquire zoned township land, packed with an up-market cluster development potential.
Six approved residential stands with central access and roadway are found on a gentle 4,015m² south to north gradient. The excisting 630 square metre home could be used as temporary accommodation, site offices and multi-dimentional storage.
Town Planners have on behalf of the owners, successfully facilitated removal of restrictive conditions and subdivision of the property into Residential 2 Erven of approximately 535m² each, with a central spine road of approximately 800m². Section 34 applications for the installation of stormwater, sewer, and electricity connections are due for submission.
Homes here could potentially be sized from about 400m². Plans could be customized to suit, with fittings, finishes and detailing personalized. You have direct access from a single entrance on the lovely, tree-lined Malgas Avenue onto the site. A green, solar powered solution could be a significant feature to the homes if offered.
People talk about the intimacy and the community feel of this Green Park location, perfectly situated between two of Douglasdale’s most prestigious high-end estates.
Coupled with the location close to Fourways, and with easy access via arterials in or out, development land must be a smart investment with highly profitable
returns expected down the line.
Located along one of the most desirable treelined 24 hour guarded street. Malgas Avenue is a dream location for an astute, multi-unit developer to acquire zoned township land, packed with an up-market cluster development potential.
Six approved residential stands with central access and roadway are found on a gentle 4,015m² south to north gradient. The excisting 630 square metre home could be used as temporary accommodation, site offices and multi-dimentional storage.
Town Planners have on behalf of the owners, successfully facilitated removal of restrictive conditions and subdivision of the property into Residential 2 Erven of approximately 535m² each, with a central spine road of approximately 800m². Section 34 applications for the installation of stormwater, sewer, and electricity connections are due for submission.
Homes here could potentially be sized from about 400m². Plans could be customized to suit, with fittings, finishes and detailing personalized. You have direct access from a single entrance on the lovely, tree-lined Malgas Avenue onto the site. A green, solar powered solution could be a significant feature to the homes if offered.
People talk about the intimacy and the community feel of this Green Park location, perfectly situated between two of Douglasdale’s most prestigious high-end estates.
Coupled with the location close to Fourways, and with easy access via arterials in or out, development land must be a smart investment with highly profitable
returns expected down the line.
Features
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
4
Kitchen
2
Reception Rooms
3
Furnished
No
Exterior
Security
Yes
Parkings
6
Domestic Accomm.
1
Pool
Yes
Scenery/Views
Yes
Sizes
Floor Size
630m²
Land Size
4,015m²
