R19 500 000 | Sandton Residential 2 Development stand For Sale in Sunninghill Park, Sandton

Well positioned Development stand in the fast developing Nanyuki road area of bustling Sunninghill in Sandton .
1.977 hectares in extent
Approved for 118 Residential 2 units
Opportunity cost R165 000 per unit
Bulk services available
Concept plans available ( see attached)
For sale at pre proclamation level

• Establish massing with regards to market related units and the proposed density
• Density: Maximum units allowed=118 (Based on 60 units/ hectare & a site area of 19,777m²
• INCLUSIONARY UNITS: 39 off inclusionary units required (33% of units)
• Typical market related inclusionary unit size= +- 40m² 1 bed apartment
• Approximate inclusionary bulk= 39 x 40m² = +- 1,560m²
• Markets units: 79 units
• Assume maximum market related unit = 3 b,ed @+-110m²
• Approximate market bulk = 79 x 110m² = +-8,690m²
• TOTAL BULK: Using the above density & units sizes, establish the actual maximum market related bulk achievable
• 1,560m² + 8,690m² = 10,250m²
• This equates to an actual FAR OF 0,518
• PROPOSED FAR = 0,6 (to allow for clubhouse, guardhouse & facilities if required)
• ACTUAL PROPOSED BULK @ 0,6 = 11,866m²
• HEIGHT: ESTABLISH WHETHER A 4 STOREY WITH LOFT ZONING IS REQUIRED OR NECESSARY
• IF REQUIRED PROPOSE TOWN PLANNING CONTROLS TO LIMIT OVERLOOKING
• PARKING: (ON GRADE PARKING IS PREFERENTIAL TO A DEVELOPER)
• ESTABLISH IF THIS IS ACHIEVABLE