993 Todd Street, Verulam, South Africa
MAY AUCTION | Commercial Land | Auction
Details
Redevelopment Opportunity - On Auction 22 May 2024 ON AUCTION 22 MAY 2024 - REDEVELOPMENT OPPORTUNITY
This site spans over two erven which have a combined land size of 6 629m2. Currently purposed as an office building, the value lies in the redevelopment potential that the site offers. The current structures host an approximate floor area of 1 475m2 (GLA). The site's topography displays a moderate slope downward towards the eastern edge of the property (Eaton Avenue) and hosts a wide variety of shrubbery and bordering trees adding to the aesthetic appeal.
The ideal corner site position provides for excellent exposure onto Eaton Avenue and Sloane Street - a busy road connecting Winnie Mandela Drive and Main Road, hosting a strong commercial footprint with a high volume of offices and corporate occupants.
Key Investment Highlights: * - Combined erf extent: 6 629m2 * - High Exposure Corner Site * - Easily accessible location (Close proximity to N1 highway) * - Current Zoning: "Business 4" (Spatial Development Framework and secondary land use rights provide for various potential rezoning prospects)
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