Prime 8.7-Hectare Residential Development Land
Located on Garden Road in Midrand, this expansive 8.7-hectare parcel of land offers immense development potential in one of Gauteng’s fastest-growing residential and commercial nodes.
The property is in the final stages of the township establishment process, dramatically reducing your lead time to breaking ground.
Key Investment Highlights
• High-Yield Rezoning Progress: Rezoning is almost complete, with only the Conditions of Establishment outstanding for Residential 2 zoning.
• Versatile Development Potential: Perfectly suited for:
o A modern Retirement Village / Lifestyle Estate.
o High-density Three-Story Walk-Up residential units.
• Unique Eco-Feature: Features a small, natural wetland on-site—ideal for integrating into a secure, private park, greenbelt, or lifestyle walking trail for residents.
• Favorable Tax Structure: The transaction attracts VAT instead of Transfer Duty, offering significant cash flow and tax benefits for VAT-registered developers.
Estimated Yield & Feasibility Scenarios
Note: Calculations below assume an effective buildable area of approximately 6.0 to 7.0 hectares after carving out the wetland buffer, private parkland, internal roads, and municipal servitude requirements.
Scenario A: Three-Story Walk-Up Apartments
• Density Target: ~40 units per hectare (net buildable area).
• Estimated Total Units: 350 (1, 2, and 3-bedroom configurations).
• Target Market: Young professionals, small families, and rental stock investors in the Midrand growth corridor.
Scenario B: Secure Retirement Village / Lifestyle Estate
• Density Target: ~25 to 35 units per hectare (net buildable area).
• Estimated Total Units: 160 – 220 Units (Single-story cluster homes, sectional title cottages, plus frail-care/clubhouse facility).
• Target Market: Active retirees seeking secure living with private green belts and walking trails around the wetland feature.
Situated strategically along Garden Road, this site offers seamless access to major arterial routes (N1 highway via New Road / Olifantsfontein Road), top-tier medical facilities, vibrant retail centers (Mall of Africa, Midrand City), and key business parks.
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Features
Carlswald, Midrand
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Finance
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Disclaimer
While every effort will be made to ensure that the information contained within the Vartrust website is accurate and up to date, Vartrust makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
