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Complete Gated Community Ready For Construction
updated on Mar 26, 2024
R 40 000 000

WEB REF: 700877

 
  • Price R 40 000 000
  • LocationSomerset West, Somerset West Central
  • Property TypeCommercial - Land
  • Erf Size128514.0000 m2
  • Rates & Taxes R 0.00
  • Monthly Levy R 0.00
Description

Location: At 3888 N2 ROAD, STELLENBOSCH FARMS / Erf 918 Portion 35. (East of Onverwacht Rd, West of Pinkster (Pentecostal) Park (Erf 918/36), North of the current N2(T2)). Property Description: • Portion 35 of the Farm Gustrouw No 918, situate in the division of Stellenbosch. • Vacant Land (previously zoned Agricultural) currently held under Deed of Transfer No. T34248/84. • Size: 12,0534ha (120 534m2) composed as follows: 12,8514ha (128 514m2), • Excluding portion sold to Eskom in 2006 for Electricity Substation (approx. 3946m2). Approved Development Rights: • rezoning of Portion 35 of Farm 918, Gustrouw, from Agriculture to Subdivisional Overlay Zone Area for Single Residential, Local Business, Open Space, Utility and Transport purposes, • subdivision of Portion 35 of Farm 918 into 2 Local Business Zone 2 erven, 104 Single Residential Zone 1 erven (102 units, I road portion, 1 open space portion), 2 Transport Zone 2 erven, 2 Utility Zone erven (Eskom substation and a detention pond) and 1 Open Space Zone 3 erf, as indicated on Subdivision Plan No 6 dd 22/02/2021, • a regulation departure from the DMS for Local Business Zone 2 Portions 1 and 2 to permit 15m high buildings in lieu of 12m, • a regulation departure from the DMS for proposed Single Residential Zone I erven 3 - 104 to permit the relaxation of the 1,5m common building lines to 1m for windows, • The Phasing Plan no 7 dd 22/02/2021 for a mixed-use development on Portion 35 of Farm 918, Gustrouw. Farm 918/35 Opportunities and Phasing: • Total = 432 flats <100m² • SR1 = 102 units, approx 215m² in size each • GLA = 2640m² Phase 1A: - 96 sectional title units (i.e. flats) with a max. GLA of 660m². Phase 1B: - 96 sectional title units (i.e. flats) with a max. GLA of 660m². Phase 2A: - 96 sectional title units (i.e. flats) with a max. GLA of 1320m². Phase 2B: - 72 sectional title units (i.e. flats). Phase 2C: - 72 sectional title units (i.e. flats). Phase 3A: - 57 single title units (i.e. townhouses). Phase 3B: - 45 single title units (i.e. townhouses). Phase 4: - Private open space (i.e. wetland). Phase 5: - Existing Eskom site. Phase 6: - CoCT’s regional detention pond. Rights Currently Not Approved: The Municipal Planning Tribunal (MPT) on 23 March 2021 in terms of section 98 of the City of Cape Town Municipal Planning By-Law, 2015 (MPBL), refused the application for approval of The Site Development Plan No SK.10.01 Rev 12 dd 7 July 2020 for a mixed-use development on Portion 35 of Farm 918, Gustrouw for the following stated reasons: • The SDP does not adequately comply with the urban design policy. • The urban design footprint is parking led, monotonous and has too little variation with respect to built form. • Insufficient open space is provided for in the higher density area. • Consideration is not given to the linking of the proposed restored wetland with the stormwater detention pond by a means other than a culvert. • Adequate setbacks are not provided for on the southern eastern edge to enable retention of the existing eucalyptus trees. Supporting Documents Available on request.

Additional Features
      Property Address

      Ptn 35 of Farm 918 Gustrouw Somerset West Central Somerset West

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