R 19 500 000 | land property for sale in sunninghill park

Well positioned Development stand in the fast developing Nanyuki road area of bustling Sunninghill in Sandton . 1.977 hectares in extent Approved for 118 Residential 2 units Opportunity cost R165 000 per unit Bulk services available Concept plans available ( see attached) For sale at pre proclamation level Establish massing with regards to market related units and the proposed density Density: Maximum units allowed=118 (Based on 60 units/ hectare & a site area of 19,777m² INCLUSIONARY UNITS: 39 off inclusionary units required (33% of units) Typical market related inclusionary unit size= - 40m² 1 bed apartment Approximate inclusionary bulk= 39 x 40m² = - 1,560m² Markets units: 79 units Assume maximum market related unit = 3 b,ed @ -110m² Approximate market bulk = 79 x 110m² = -8,690m² TOTAL BULK: Using the above density & units sizes, establish the actual maximum market related bulk achievable 1,560m² 8,690m² = 10,250m² This equates to an actual FAR OF 0,518 PROPOSED FAR = 0,6 (to allow for clubhouse, guardhouse & facilities if required) ACTUAL PROPOSED BULK @ 0,6 = 11,866m² HEIGHT: ESTABLISH WHETHER A 4 STOREY WITH LOFT ZONING IS REQUIRED OR NECESSARY IF REQUIRED PROPOSE TOWN PLANNING CONTROLS TO LIMIT OVERLOOKING PARKING: (ON GRADE PARKING IS PREFERENTIAL TO A DEVELOPER) ESTABLISH IF THIS IS ACHIEVABLE