Rare vacant land in Sandton attracting interest from investors Featured

A rare opportunity to buy a prime vacant development site in Sandton is attracting huge interest from investors and developers. The property, in the high-demand Sandton node, will be auctioned by Auction Alliance in February.

The demand for property in Sandton has increased drastically over recent years following the development of the Gautrain. Easy access to and from the airport has become a key factor in attracting investors from across South Africa, and when a property in the area becomes available there is always a flurry of enquiries.

The 3964m² erf, located on the corner of Grayston and Sandton drive in the greater Sandton area, offers huge advertising potential, easy access and is an outstanding development opportunity in one of the country's best business and residential regions. There is currently a double storey advertising sail on the property, generating a monthly income of R60 000. The excellent location of the erf, makes it perfect for a corporate HQ or higher grade offices.

Comments Gareth Botha of Auction Alliance, ''Due to the location of the property we are receiving interest from numerous companies seeking head-office space. The advertising potential of the property is also an obvious bonus.''

The property has been approved for rezoning to Business 4 and Residential 3 use and, as the property has previously been developed, bulk services are available in the immediate vicinity and can easily be connected. The property is surrounded with a mixture of up-market commercial and residential units and the close proximity of the Sandton CBD and Sandhurst enclosure adds value to the investment.

The auction takes place at 12pm on February 16 at the Hilton Hotel, 138 Rivonia Road, Sandton. Contact Gareth Both on This e-mail address is being protected from spambots. You need JavaScript enabled to view it or 083 288 7778.

Home Property Rare vacant land in Sandton attracting interest from investors

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