Development for sale in Sandhurst, Sandton, 166 Empire Place, Sandhurst, Sandton, Gauteng, 600 m²
Sandhurst, Sandton, Gauteng
Development
ZAR 16,000,000
- 6 bedrooms
- 4 bathrooms
- 600 sqm
- 4,002 m² plot
Set on an expansive 4,002 square metre stand, this prestigious property at 166 Empire Place presents a rare and exceptional development opportunity in one of Sandhurst’s most coveted locations. Situated firmly within the Sandton Metropolitan Node, the site offers flexible and highly lucrative options for visionary developers. Unmatched Zoning and Development Potential. The true value of this asset lies in its exceptional redevelopment capabilities, supported by current city planning frameworks:In terms of the City's Nodal Review Policy, this specific Metropolitan Node is earmarked to support high-density residential developments of at least 80 dwelling units per hectare. Town planning consultants have indicated that a rezoning application to "Residential 3" is highly viable, which would permit a density of 100 dwelling units per hectare. This proposed density allows for the construction of a maximum of 40 exclusive dwelling units on the site, subject to the necessary municipal approvals. The property's strategic proximity to the Gautrain further increases its development potential and appeal for high-density, luxury living. Existing Infrastructure and Interim Ver…
