R 6 500 000 | 3 bed property for sale in lynnwood glen

LUCRATIVE INVESTMENT OPPORTUNITY ADJACENT TO MENLYN WITH SPECIAL ZONING APPROVED - FOR DEVELOPMENT PRICE EXCLUDES VAT Rare opportunity for developers and investors in the fast-developing area in Pretoria East. Large perfectly situated property adjacent to Menlyn, near all the major arterial routes, business centres and academic institutions. Zoned for offices and dwelling-units and currently utilised as professional offices (6 offices). With no additional changes, this could be a spacious residence or used as student accommodation with Varsity College a mere 590 meters walk from there, prior to redeveloping the property. As the rezoning process has been completed and sketch plans have been drawn, a developer could merely submit the plans for formal approval and immediately start the development. Final plans to be completed for submission to Council. Rezoning completed, bulk services payable. ZONING: Special “for Offices and Dwelling-units with density of 31 Dwelling-units per hectare (maximum of 6 Dwelling-units on the property). AUTHORISED OFFICE AND PENTHOUSE DEVELOPMENT: • Offices and 6 Penthouses • 75% Coverage • 4 Storeys with 99 parking places (51 semi below ground & 48 upper ground) and 2 Offices floors and one Penthouse floor. *** Plans and authorisations will be made available once a Confidentiality and Non-Disclosure Agreement has been signed. PROPERTY CURRENTLY CONSISTS OF THE FOLLOWING: • 1 982.69 sqm level property • Three bedrooms, main en-suite plus additional bathroom • Lounge with fireplace and sliding door to patio area • Dining room/study with sliding door to patio area • Open plan kitchen with breakfast counter, separate scullery and large pantry • Entrance hall with raised ceiling and skylight • Double garages, shaded carport for three vehicles and storeroom • Large walled garden with swimming- and splash pool • Thatched lapa • 24 hour armed response and alarm SEPARATE BATCHELORS GARDEN FLAT: (currently let to student) – walking distance from Varsity College, Menlyn and Glenfair Shopping Centre. • 21.60 sqm • Kitchen WITH Bic’s and sink, bathroom (shower, basin & toilet), bedroom/living room with access to large secure garden. IN CLOSE PROXIMITY TO: • Menlyn Shopping Centre – 0.74 kms • Varsity College (Tertiary Institution) – 0.59 kms • Cti Education Group (Tertiary Institution) – 1.09 kms • Glenwood Service Station – 0.37 kms • Life Healthcare Fairie Glen Hospital – 1.10 kms • Life Faerie Glen Hospital – 1.18 kms • SAPD (Garsfontein) – 1.43 kms Kindly contact agents for an exclusive appointment.