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9,436m² Vacant Land For Sale in Lombardy Estate

R11,500,000

47 Lombardy Boulevard
Web Ref No TPC461

Development Land for Sale in Lombardy Estate

Development Land for Sale in Lombardy Estate.

For developers seeking an exceptional opportunity, we present a unique piece of land within Lombardy Estate & Health Spa, ideally suited for the development of luxury New York-style apartments. This prime plot is centrally located amidst the tranquil lakes and lush surroundings of Lombardy Estate, offering a picturesque backdrop for a prestigious development.

Key Details:

Rezoning in Place: The property already has the necessary rezoning approvals in place, streamlining the development process.

Rising Luxury Apartment Market: With a trend towards downsizing, the market for luxury apartments is steadily expanding. Affluent middle-aged buyers are increasingly seeking to transition from high-maintenance traditional houses to upscale flats, promising stylish, modern living with reduced upkeep.

Access to Hotel Services: Investors in Lombardy piazza may avail themselves of various hotel services, including housekeeping and concierge services. The high-rise design of these exclusive apartments ensures unobstructed views of the Lombardy water lakes and beautifully landscaped gardens.

Property Details:

ERF Use: Residential 4
Location: Uniquely positioned in the middle of Lombardy Estate, overlooking serene lakes and lush greenery.
Size: 9436 square meters
Building Lines: 3 meters from street boundaries
Height: Shall not exceed 6 storeys
Description: New York-style apartments
Number of Units: Approximately 50 luxury units
Average Unit Size: Depending on the final concept design
Floor Area Ratio (FAR): Shall not exceed 1.2
Parking: As per the town planning scheme
Coverage of Building: Will align with the approved site development plan
This development land offers a unique and highly promising opportunity for developers to create a prestigious enclave of luxury New York-style apartments within the well-regarded Lombardy Estate & Health Spa. Don't miss the chance to be part of this exciting project that caters to the growing demand for upscale, low-maintenance living in a breathtaking setting. Contact us for more information and to explore this prime real estate opportunity.

Features

Zoning Commercial
Land Size 9,436m²
Monthly Levy R3,000.00pm Excl. VAT
Extras

24 Hour Access
Golf Estate
Lakefront

Broker Contact Details

Mellony Crawford
Tyson Properties Pretoria New East

Cell +27836447738
Office (012) 9934044
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