Development Opportunity Or Fixer Upper Home!

Development Opportunity Opposite Greenfields Shopping Centre
Set on a substantial 1,021 m² erf in one of Greenfields’ most visible and increasingly commercialised corridors, this property offers far more than its existing three-bedroom home.

The house is a genuine fixer-upper and will require renovation. However, the real value lies in the site’s position, land size and future redevelopment potential.

Situated at 43 Jan Smuts Avenue, directly opposite Greenfields Shopping Centre, the property enjoys excellent exposure along a busy mixed-use route. Jan Smuts Avenue has developed into an established commercial spine, accommodating shopping centres, retailers, offices, restaurants and other businesses, with convenient access to Settlers Way, the East London Airport, the CBD and surrounding residential and industrial areas.

Most importantly, the Settlers Way Local Spatial Development Framework identifies Erf 18799 as a property that may be considered, on application, for rezoning to:

Business Zone 2 – potentially permitting shops, offices and residential uses
Residential Zone 4 – suitable for townhouse-style development
Residential Zone 5 – suitable for higher-density residential or flats
This opens several exciting possibilities for developers and investors, including professional offices, a retail or mixed-use development, townhouses, flats or an income-producing residential conversion.

Approved building plans are also available for the construction of an extended cottage, providing an additional option for buyers who wish to retain and improve the existing residential use.

Property Details
Erf size: 1,021 m²
Existing three-bedroom home
Renovation and redevelopment opportunity
Approved plans for an extended cottage
Prominent Jan Smuts Avenue position
Directly opposite Greenfields Shopping Centre
Monthly BCMM rates: approximately R1,388
Potential commercial or higher-density residential rezoning
Whether restored as a spacious family property, converted into income-producing accommodation or redeveloped to take advantage of its strategic position, this is a rare opportunity to secure a sizeable site in the heart of Greenfields’ expanding mixed-use precinct.

All rezoning, development rights and proposed uses remain subject to the purchaser’s own investigations and approval by Buffalo City Metropolitan Municipality. The municipal spatial framework supports the stated development direction but does not constitute an existing zoning approval. BCMM Settlers Way Local Spatial Development Framework

Auction details:

Viewing by appointment only.

This is a voluntary auction, both cash and finance offers are welcome.

BID ONLINE, or chat with your agent to place a bid

NO REGISTRATION FEE REQUIRED.

Auction conditions - All offers are subject to a confirmation period.

The rules of the auction and conditions of the sale are available from the agent’s offices or online

Information is subject to change without notification.

Opportunities like this move quickly, Don’t miss out !