R 6 100 000 | retail property for sale in meyerton

Property Description

Location: Midvaal, Meyerton, bordering R59, R59 Development Corridor. Prime Industrial 1 zoned land on the R59 Midvaal Development Corridor. Title Deed indicates 60714 m2 of land. 34152 m2 of development land as per municipal restrictions. 142.3 running meters of land bordering the R59 freeway. 755 m2 under roof of Office/Residential space (20 room buildings – previously used as residential and offices). ±250 m2 workshop space (incl main workshop 90m2, sawshop 54m2, store room 28m2, & staff living quarters). Walk-in Safe. 2 separate approved entrances to the property.Approved power supply - 47 KVA, 3 phase, Installed and operational. Up to 2000 KVA viable on application. Additional power possible due to location. Existing tenant for R59 freeway billboard (double sided 4.5m x 18m) on 5 year lease (Option to cancel lease as required). KEY OPTION to rezoning for alternative uses including Heavy Industrial – see R59Corridor Development framework The Spatial Development Framework clearly states mixed use zoning for property East of the R59, with Special attention to property close to the train Station/s, with option of Large scale manufacture and/or Heavy Industrial Services. 43Morris-property is 1Km from the train station! For detail on the Strategic R59 Corridor Development see: • http://midvaal.info/Ward 5/R59 Development.htm • https://docs.google.com/viewer?url=http://www.sedibeng.gov.za/a_keydocs/sdf_2009_10/sdf_chapters.pdf – page 66 onwards Corridor Development Framework The proposals and guidelines along the R59 Road are expanded below: The Johannesburg /East Rand Complex and Vaal Triangle will remain the major nodes in the development corridor. Development should aim to capitalise on the inherent economic energy associated with Johannesburg and specifically the City Deep and Wadesville / Alrode Blue IQ projects. Economic regeneration of the Vaal Triangle is very important to the success of the development corridor. Four nodes were earmarked as designated development areas along the corridor (beads on a string). Each of these nodes was earmarked for a specific purpose, to allow for the clustering of uses. These nodes and the proposed uses are detailed below: (a) Meyerton: This will be the primary node along the corridor, with a mix of land uses. This area can accommodate heavy industries, large-scale manufacturing, commercial uses, retail, general business and urban residential uses. Specific development guidelines will be applicable to land uses fronting onto the R59, to protect the aesthetic appearance of the Corridor. These guidelines will be applied through the approval of site development plans, addressing aspects such as access, landscaping, signage and fences. The development of a road network to support the development corridor and nodal structure is essential. The R59 fulfils the function of a Mobility Spine, while the K89 acts as an Activity Spine. To complete the road network, the implementation of an Activity Street east of the R59 is required, to provide direct access to land uses and unlock the potential of this area. The construction and upgrading of roads west of the R59 is not supported in the short to medium term, or at least until the area east of the R59 is fully developed. Sedibeng District Municipality – SDF: Final Draft Page | 68 The development of the four nodes should be strongly focused on the stations to support passenger transport. This implies that there should be a concentration on non-residential uses and higher residential densities in and around stations. In the short to medium term the area west of the R59 should be reserved for agricultural purposes and rural residential uses, to strengthen the development corridor. Emphasis should be placed on exploring the opportunities in the agricultural sector, through production and local processing of products for the export market. Non-residential uses in these areas should only be permitted with the consent of the local municipality, subservient to the residential use. Incentives should be provided to encourage non-residential uses to upgrade and relocate to formal business/industrial premises on vacant land in Meyerton. In the long term it is envisaged that this area will also come under pressure for development and this should be supported once the area east of the R59 becomes saturated. The rural character of the area and proximity to the major economic opportunities in the province, make the area attractive for residential and tourism development. Rural residential estates, equestrian centres and hospitality uses would be supported throughout the area and especially in Henley-on-Klip. These developments should however be sensitive towards the rural character and appeal of the area. The Klip River is earmarked as the main open space system through this area. The river should be protected, especially from effluents from industrial development and should be incorporated as a design feature in developments. Agricultural and rural residential uses should be promoted along the river, to protect it from pollution. Garages : 0

Property Details

Purchase PriceR 6 100 000

Type of PropertyRetail

Land Size60714 m2

Last Updated14 Aug 2019

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