11,576m2 of Mixed Use Land in Phillipi - Web Ref: 3138
Vacant Land for Sale
Building Size (GLA):
Gross Monthly Rental:
The above very prominent site at the confluence of Lansdowne Road and Vanguard Drive, is finally available for acquisition and development – pending subdivision which is in the process.The site originally comprised over 3Ha.1Ha was sold some time ago to CTM who now have all their plans approved and should be on site this year.Site No.1 as indicated has been sold to Shell – pending sub-division and transfer – where they will be developing a service station; 24 hr convenience offering and fast food drive-through.The balance of the site measures 11,576 m² (to be confirmed on sub-division) of which 8,997 m² is developable – the balance being an Eskom servitude which can be used as parking or storage but can’t be built on.The purchase price is R1,250/m² on the usable portion – R11.25 million (R950/m² overall).The site is Mixed Use Subzone MU1 and is serviced with sub-division underway.