R23,499,999

Situated in the prestigious suburb of Sandhurst, this exceptional development opportunity ,spanning an impressive 5 755m² (0.5755 hectares),presents a rare chance to acquire a prime parcel of land with approved rezoning rights already in place. Ideally positioned within one of Johannesburg’s most sought-after residential enclaves, the site offers outstanding potential for a luxury residential development. The approved zoning rights permit Residential 3 use, allowing for a maximum of 33 residential units, making this an attractive proposition for developers and investors seeking a premium project in a blue-chip location. Development rights include: Residential 3 zoning Maximum of 33 residential units Height allowance of up to 3 storeys Coverage of 60% (3 453m²) Floor Area Ratio (FAR) of 1.5, equating to approximately 8 632.5m² of bulk The rezoning and tribunal approval have already been finalized, significantly reducing lead times and providing developers with the confidence to move forward efficiently. Positioned minutes from the heart of Sandton, this prime site enjoys close proximity to leading business hubs, luxury retail destinations, top private schools, and world-class amenities, further enhancing its appeal for an upscale residential scheme. An outstanding opportunity to develop an exclusive residential address in one of Johannesburg’s most affluent and established suburbs.