Student Housing Development Land 3,06 HA
?The location is within Soshanguve TT and surrounded by mostly residential development.
Services therefore available.
(next to the Major collector Road Ruth First which connects up with the Mabopane - Pretoria high way.
Also well connected with the rest of Soshanguve as well as Garankuwa. It is only about one Km from a major new shopping centre along Ruth First and about 2.5 Km from the TUT Soshanguve campus.
?The size of the erven together is approximately 3,92 Ha.
?The erven is separated by a servitute of 1,2 Ha which can be used for open space - playgrounds, parking ect. Which also mean that a higher density will be possible on the rest of the land.
?The land forms part of the approved township of Soshanguve TT (Township was approved 30/07/1992) and the stand numbers are 2 and 3.
?The zoning of the land is for erf 3 "Institutional" which includes an Institution, Place of instruction, Cafeteria, Place of public worship. Purposes the buildings may be used for with consent of the Council is Dwelling units, Residential Buildings, Medical Consulting rooms, Place of Child Care, Place of Refreshments, Social Hall ect. Erf is 2 is "Municipal". It can be used for Recreation, a Sport Club, Farm Stall or with consent of the Council for Institution, Place of instruction, Cafeteria, Place of public worship. Purposes the buildings may be used for with consent of the Council is Dwelling units, Residential Buildings, Medical Consulting rooms, Place of Child Care, Place of Refreshments, Social Hall.
?The area is declared a "restructuring zone" in terms of the Social Housing policy and can therefore apply for the benefits of this policy. Any REIT (Real Estate Investment Trust" may therefore be interested in this property. It is suggested that a high density development be done on the site. This has been discussed in principle with the Council, and they will support such application.
? There is also a huge demand for student housing in the area and with the Tshwane Technical University of Technology only 1.5 Km. from the property this is the ideal property for a Student Housing Development.
?These sites also also lends itself to the possible rezoning to light industrial and/or Garage or Filling station due to its good locality next to a collector road. Other uses that can be considered are:
oMotor dealer and workshop
?Due to the fact that the layout will depend on the need of the developer no site plan has been prepared for the sites. The layout or site development plans are merely illustrative.