Development Opportunity: Lange Street, Nieuw Muckleneuk

221 Lange Street, Nieuw Muckleneuk is a residential property that has recently been rezoned for both high-rise residential and offices. The bulk services have not been paid.

The property is situated close to the Brooklyn business and retail node, and within approximately 6 km from the Menlyn retail and business nodes. It is within easy reach of The University of Pretoria; the Life Groenkloof Hospital; and a number of senior and junior schools.

The main feeder roads to the area are George Storrar Drive/Middle Street from Fountains Circle (access to/from N1), Garsfontein Road and Dely Road from Menlyn node
(access to/from the Eastern Bypass).

Zoning information

Residential:

  • Bulk 1 085 m2
  • Therefore 10 units of 65 m2
  • Parking: 1,3 for 1-bed unit or 2,3 for 2-bed unit

Offices:

  • 2 storeys of 540 m2 office space.
  • Parking: 4 per 100 m2 = 40 bays. Basement/semi-basement would be required. Or parking under building on ground floor.

Property Information

Property Price:R3,600,000 (Sale)

Posted on August 24, 2022

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