R 9 750 000 | farm property for sale in sky city

An exceptional development opportunity situated in the rapidly developing Palm Ridge area, offering approximately 8.77 hectares of land with a proposed township establishment for Palm Ridge Extension 45. The property is currently zoned Agricultural, with a formal township establishment application prepared for the proposed development of the site. The proposed township layout provides for: • Residential 3 – proposed maximum of 378 residential units • Business 1 – intended to accommodate local retail/business services • Private Open Space • Proposed road infrastructure providing access to the development The proposed Residential 3 portion allows for a density of 60 dwelling units per hectare, with buildings up to 3 storeys, subject to the applicable development controls. The property is situated within an area experiencing significant residential growth, with established and developing residential townships surrounding the site. The town-planning motivation further identifies the area as suitable for urban development in terms of the applicable municipal spatial planning framework. Infrastructure & Accessibility The property benefits from its location within an established and developing area, with: • Existing water infrastructure along the northern boundary • Existing sewer infrastructure accessible through the local network • Eskom electricity supply to the area • Access from Koi Road • Proposed new road infrastructure to facilitate access to the proposed township A Traffic Impact Study has also been prepared in support of the proposed development. Ideal for Developers & Investors This property presents an opportunity for developers looking to acquire a substantial parcel of land in an area earmarked for continued urban and residential growth. The property is being marketed together with the available town-planning and supporting documentation relating to the proposed Palm Ridge Extension 45 township establishment. Important: The proposed 378 residential units and Business 1 rights are subject to the relevant municipal approvals and conditions. The sale does not constitute a representation that final township approval has been granted. Serious developers and investors are invited to enquire for further information and to arrange access to the available supporting documentation.