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R 8 400 000 (421 052 EUR*)

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± 9465 m2
R 3000  / m

Student Housing or Conventional Apartments Opportunity opposite Monash University Ruimsig !

Walk across Peter rd to Monash University Ruimsig from this well positioned Student housing stand ! Or build 140 conventional apartments in this popular suburb.
Semi serviced with gatehouse in place
Fully walled

  • 140 units
  • 4 storeys permitted
  • Next to new Student Housing development
  • 50% coverage FAR 1.0
  • 9485 m2 in extent
  • One parking bay per 2.5 beds
  • Current rental of R18000 per month from house (ultimately to be demolished). 3 phase power and Council water in place.
  • At pre proclamation stage Ruimsig x 87
  • Bulk contributions payable
  • Gatehouse and walls in place
  • Site has been consolidated as Erf 539 Ruimsig


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