Vacant Land For Sale in Fourways, Sandton

Fourways, Sandton, Gauteng

Vacant Land

ZAR 21,500,000

• 21,128 sqm
• 21,128 m² plot

Premium Development Opportunity – Craigavon / Fourways Fully Structured 60-Unit Residential Project | High-Growth Node Asking Price (Land + Rights): On Application Location: Craigavon, Fourways, Johannesburg Erf Size: 2.1128 Hectares Development Scope: 60 Residential Units (±30 units per hectare) Investment Overview This is a ready-to-execute residential development opportunity positioned in one of Johannesburg’s strongest growth corridors. The project has been conceptually structured for medium-density residential units, targeting the high-demand Fourways market. The opportunity is suited for: Property developers Joint venture partners Equity investors seeking exposure to residential development margins Financial Snapshot (Developer Metrics) Total Development Cost (All-In): ±R210 million (Includes land, construction, professional fees, bulk services, and contingencies) Estimated Gross Development Value (GDV): ±R276 million Projected Net Profit: ±R66 million Estimated Developer Margin: ±31% on cost Cost Breakdown Insight Construction (Labour + Materials + Services): ±R120 million (Quoted by an experienced Johannesburg-based contractor) Balance includes: Land acquisition Bulk infra…