9,436m² Vacant Land For Sale in Lombardy Estate

R15,000,000

Monthly Bond Repayment R162,556.06
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RLS929660

Luxurious Investment & Development Opportunity

This prime vacant, serviced land is uniquely positioned in the middle of the very popular Lombardy Estate’s serene and lush surroundings.

Rezoning is already in place.

Due to the downsizing trend, the luxury apartment market is steadily growing.

Affluent, middle-aged buyers look forward to moving out of traditional high-maintenance houses and into upmarket flats, stylish, modern living, with reduced maintenance.
Lombardy piazza investors may request various hotel services, including housekeeping and concierge services.
Being high-rise, these luxurious and exclusive apartments will enjoy an unhindered view of the Lombardy water lakes and beautifully landscaped gardens.

ERF USE:
Residential
LOCATION:
Uniquely positioned in the middle of Lombardy Estate & serene lakes and lush surroundings.
SIZE:
9436 M²
BUILDING LINES:
3M from street boundaries.
HEIGHT:
Shall not exceed (6) storeys.
DESCRIPTION:
New York-style apartments.
NUMBER OF UNITS:
+/- 50 Luxury units.
AVERAGE UNIT SIZE:
Dependent 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 be in accordance with the approved site development plan.