SOLE MANDATE
Web Ref CL378
R6,000,000
23 Malgas Avenue
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Here is the perfect opportunity to acquire a 4,015m² property in upmarket Greenpark, Douglasdale.
Located along one of the most desirable Greenpark streets, this is a dream location for an astute, multi-dwelling developer to acquire land, packed with up-market cluster development potential.
Town Planners have on behalf of the owners, successfully facilitated removal of restrictive conditions, and subdivision of the property into Residential 2 Erven of approximately 535m² each, with a central spine road of approximately 800m². Section 34 applications for the installation of stormwater, sewer, and electricity connections are due for submission.
Prospective multi-dwelling developers could contemplate building luxury, boutique type designer family homes to become a desirable micro-cluster community with only 6 front doors.
Homes here could potentially be sized from about 400m² on generous, north facing leafy green stands on a gentle south to northerly slope. Plans could be customized to suit, with fittings, finishes and detailing personalized. You have direct access from a single entrance on the lovely, tree lined Malgas Avenue onto the site. A green, solar powered solution could be a significant feature to the homes if offered.
People talk about the intimacy and the community feel of this Green Park location, perfectly situated between two of Douglasdale’s most prestigious high-end complexes.
Coupled with the location close to Fourways, and with easy access via arterials in or out, development land must be a smart investment with highly profitable returns expected down the line.
The acquisition of 102 Malgas Avenue would typically appeal to an established, environmentally conscious property developer/contractor, with the vision and the know-how to deliver the aspirational, market desired, upmarket aesthetic in a cluster type home in Douglasdale’s Green Park.
Town Planners have on behalf of the owners, successfully facilitated removal of restrictive conditions, and subdivision of the property into Residential 2 Erven of approximately 535m² each, with a central spine road of approximately 800m². Section 34 applications for the installation of stormwater, sewer, and electricity connections are due for submission.
Prospective multi-dwelling developers could contemplate building luxury, boutique type designer family homes to become a desirable micro-cluster community with only 6 front doors.
Homes here could potentially be sized from about 400m² on generous, north facing leafy green stands on a gentle south to northerly slope. Plans could be customized to suit, with fittings, finishes and detailing personalized. You have direct access from a single entrance on the lovely, tree lined Malgas Avenue onto the site. A green, solar powered solution could be a significant feature to the homes if offered.
People talk about the intimacy and the community feel of this Green Park location, perfectly situated between two of Douglasdale’s most prestigious high-end complexes.
Coupled with the location close to Fourways, and with easy access via arterials in or out, development land must be a smart investment with highly profitable returns expected down the line.
The acquisition of 102 Malgas Avenue would typically appeal to an established, environmentally conscious property developer/contractor, with the vision and the know-how to deliver the aspirational, market desired, upmarket aesthetic in a cluster type home in Douglasdale’s Green Park.
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
4,010m²
Land Size
4,010m²
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