R 2 950 000 | 5.0 bed property for sale in greenside

Inviting offers from R2,950,000. Positioned on a prominent Barry Hertzog corner within walking distance of the Greenside Mosque, this north-facing, 1,680m² property presents a redevelopment opportunity in the heart of the neighbourhood. High traffic visibility adds to its appeal for buyers exploring a future business address or residential development. The property is currently zoned Residential 1. Potential redevelopment options include a sectional title scheme of up to seven units, offices, a medical centre or a motor showroom, subject to feasibility, appropriate land-use rights and municipal approvals. These are possibilities to investigate rather than existing development rights. The existing home is dilapidated, with the principal appeal lying in the land, corner position and scope for redevelopment. Current accommodation comprises five bedrooms, two bathrooms, a lounge, dining room, kitchen, staff accommodation, a storeroom and a double garage. For investors and developers with a clear vision, this is an opportunity to explore the possibilities of a substantial site in an established, well-connected neighbourhood. Access is limited. Contact the agent to arrange a viewing. Agent enquiries are welcome only when representing a qualified buyer.