This prime development site offers an unparalleled opportunity to create a world-class mixed-use development in South Africa’s financial capital and the most sought-after business district. With foundations and basement parking already constructed, this site is primed for completion, presenting a unique investment prospect.
Property Details:
Zoning: Mixed use zone IX (business, retail, residential, institutional, entertainment, and hospitality)
Site area: 6802 m2 (the largest of six subdivided portions)
Current bulk rights: 38000 m2 to 44 000m2 (38000 m2 current, anadditional 6 000m2 can be added dependent on council consent)
Height allowance: 40 storeys
Coverage: 70%
Key Features:
Strategic location: Situated at the intersection of West Street and Rivonia Road, directly across the Sandton Gautrain Station, ensuring seamless connectivity across Johannesburg and to O.R. Tambo International Airport.
Close to major corporations including; Old Mutual, Discovery, AON Insurance, Ernst & Young, and Alexander Forbes. Adjacent to Sandton City, Nelson Mandela Square, and a short walk to the Sandton Convention Centre. Located close to leading financial institutions such as the JSE Ltd, Nedbank Head Office, HSBC, Deutsche Bank, Discovery, Investec, ABSA, and RMB as well as lawfirms such as Bowman Gilfillan, Norton Rose, Werksmans Attorneys, and Webber Wentzel.
Existing Infrastructure: The site already features completed foundations and 8 storey basement parking, significantly reducing initial development costs. All this included in the purchase price.
Large development opportunities/sites in this high-demand area- Sandton’s financial hub are exceptionally scarce, making this a unique investment opportunity to create something extraordinary- whatever your vision-where demand continues to soar.