INFORMATION PACK
FOR
Development Opportunity adjacent to Menlyn Urban Redevelopment Node
23a Thirteenth Street, Menlo Park, Pretoria
On Site Auction Date – Tuesday, 14 November 2017 @ 11h00 Contact: Pieter Nel – 084 8800 165 [email protected] / www.bideasy.co.za
Property Information Title Deed Information – Sectional Title SS MENLO PARK 416 (593/2012), UNIT 1, MENLO PARK, JR Known As: 23a Thirteenth Street, Menlo Park, Pretoria Title Deed: ST 90614/2012 Extent: 291.0000 SQM (Size of house without outbuildings) Local Authority: CITY OF TSHWANE METROPOLITAN MUNICIPALITY Registration Division: JR Province: Gauteng Registered Owner: Robyn Frances Braidwood (ID: 7306160001081) VAT Status: The seller IS NOT Registered for VAT Zoning: “Residential”
Area Summary Prime re-development opportunity. 1476m2 situated adjacent to the Menlyn Urban Development Framework node.
This opportunity is strategically located alongside a node that is designed according to New Urbanism Principals. The density earmarked for this property is 40 -60 units per Hectare.
Development in the node has been encouraged by the Tshwane Metro Council’s spatial development framework, which development plan will fast-track the evolution in the node. From a predominantly single-storey residential suburb to a vibrant collection of multi-storey blocks of flats and upmarket offices, this area has seen a lot of development in recent years. A key element of the spatial development framework (SDF) is that it promotes vertical residential redevelopment and densification in the area, hence the wave of high-rise construction in both the residential and commercial sectors. Single-storey houses are not nearly as financially viable as multiple-storey buildings. This bodes well for developers wanting to capitalise on the need for flats in all price brackets, although land is rare. Property Information This site is 1476m2 and has 3 Phase Electricity. An application for road closure is currently under consideration at the city council.
The water and sewerage system in the area has been upgraded, and there is a borehole on the property.
Location
Menlyn Node Urban Development Framework
Map
GPS Co-Ordinates 25°46'20.2"S 28°15'15.4"E -25.772280, 28.254290
SG Diagram
GIS
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