R 40 000 000 | Vacant Land / Plot for Sale in Midridge Park

This prime land is located alongside the N1 Freeway between Vodacom and the New Road Bridge

The land is currently zoned agricultural but approval has been granted for it to be zoned "Special" for Offices, Medical Clinic and other such uses as the Council may approve with special consent

The rights approved are:
Height: 10 storeys
Coverage: 60% provided that it may be increased on merit on written motivation submitted with a SDP and provided further that it would not apply to basements.
F.A.R.: 0.8 (Equivalent to 32,344m2)
Building lines: 20 meters building line along N1 Road provided that it may be relaxed with the consent of the Local Authority. Om building lines shall apply to any basement structures. 5 meters building line along Third Road provided that it may be relaxed with the permission of the Local Authority
Specific Conditions:
1. Access to and egress from the site shall be to the satisfaction of the Local Authority.
2. The applicant / owner shall provide and maintain a 2m wide paved and landscaped pedestrian sidewalk along all the property boundaries adjacent to any existing and proposed roads to the satisfaction of the local authority.
3. A Site Development Plan shall be submitted for approval to the Local Authority prior to the submission of any building plans.
The applicant/owner shall address and comply with all the requirements of the Technical Services Departments before proclamation of the township, to the satisfaction of the Local Authority

Estimated bulk services contributions still to be paid (excluding VAT):
Sewer: R825,757
Water: R540,735
Roads: R7.646,957
Electricity: 7,426,518
Total: R16,439,966

If this is not what you are looking for, please view Maxol Properties website for other options that may be available. We also don’t always list all the properties or premises that are available, particularly if our clients ask us to be discrete

Maxol Properties (Pty) Ltd is a well-established commercial and industrial property brokerage dealing in sales, leases and investment properties in the Gauteng area. We have corresponding brokerages that cover other regions