Property description

An exceptional opportunity awaits developers and investors in the rapidly growing area of Karenpark Extension 3. This well-positioned development site offers substantial scale and favorable zoning, making it ideal for a high-density residential project.

The property consists of two erven with a combined total land size of 3.7951 hectares (37,951m²), providing ample space for a large residential development. The site is zoned Residential 3, allowing for medium- to high-density residential units, and is ready for development, making it a highly attractive proposition for developers looking to commence construction without unnecessary delays.

Land Breakdown:

• Erf 1435: 1.6824 hectares / 16,824m²
• Erf 1436: 2.1274 hectares / 21,127m²
• Total Land Size: 3.7951 hectares / 37,951m²

Development Parameters:

• Zoning: Residential 3
• Coverage: 80% (± 3.0361ha / 30,360.8m²)
• Height Restriction: Up to 3 Storeys
• Floor Area Ratio (FAR): 0.7 (± 2.6566ha / 26,565.7m²)
• Density: 80 dwelling units per hectare – allowing for approximately ±304 residential units

Building Lines:

• 16 meters along Provincial Road K63 (Doreen Road)
• Other building lines as stipulated in the approved Development Plan

Parking:
Detailed parking requirements and layout guidelines are available in the supplementary documentation (pages 14–19).

This site presents an excellent opportunity to develop a modern residential complex within a fast-growing residential node. With strong development rights already in place and infrastructure access nearby, this property offers developers the flexibility to create a high-quality residential project that meets the increasing housing demand in the area.

The seller is open to negotiating, making this an opportunity not to be missed for serious developers seeking a well-located, ready-to-develop residential site.

Contact us today for further information, development documentation, or to arrange a detailed discussion on this outstanding investment opportunity.