Web Ref No CL34512

ON AUCTION 22 MAY 2024 - REDEVELOPMENT OPPORTUNITY

This site spans over two erven which have a combined land size of 6 629m2. Currently purposed as an office building, the value lies in the redevelopment potential that the site offers. The current structures host an approximate floor area of 1 475m2 (GLA).
The site's topography displays a moderate slope downward towards the eastern edge of the property (Eaton Avenue) and hosts a wide variety of shrubbery and bordering trees adding to the aesthetic appeal.

The ideal corner site position provides for excellent exposure onto Eaton Avenue and Sloane Street - a busy road connecting Winnie Mandela Drive and Main Road, hosting a strong commercial footprint with a high volume of offices and corporate occupants.

Key Investment Highlights:
- Combined erf extent: 6 629m2
- High Exposure Corner Site
- Easily accessible location (Close proximity to N1 highway)
- Current Zoning: "Business 4" (Spatial Development Framework and secondary land use rights provide for various potential rezoning prospects)