**DEVELOPMENT OPPORTUNITY**
Area Summary
Ashlea Gardens has become an extremely popular and vibrant location in Pretoria, being on the doorstep of Menlyn Maine and Menlyn with immediate access on the N1 Highway.
Many infrastructure developments, including High Density Residential Developments and Commercial Developments over the past couple of years has rejuvenated the area, with many more projects on the go.
The area has been transformed into a vibrant business and upmarket residential hub, with modern property trends and traditional residential freeholds gradually being replaced by intensive sectional title units or commercial blocks.
Property Information
A unique opportunity to acquire this prime property on the prominent corner of Garsfontein Road and Selati Street, Ashlea Gardens.
The property is currently zoned as a Residential property, however, the location positions it in a Multi-Use zoning node within the Regional Spacial Development Framework of the City of Tshwane.
Improvements
Main House
• 5 Living Rooms / Bedrooms (Used as Offices)
• 2 Additional Offices / Stores
• Kitchen
• 2 Bathrooms
Outbuildings
• Storeroom
• Domestic Quarters
• Flatlet (with Kitchenette & Bathroom)
• Double Garage
• Double Car Port
• Borehole (Fitted and Functioning)
The house is currently vacant but has been used as a home office in the past.
Rates & Taxes: ± R2 905.01 p/m
Regional Spatial Development Framework
The property lies in Region 3 of the Tshwane Regional Spacial Development Framework. Statutory planning legislation which governs the potential future use of the area in which this property is situated, earmarks the subject property for 2 uses, namely “Mixed Use” or “Residential Densification” purposes with height restriction capped at 4 Storeys (15m).
“Mixed Uses” refers to land uses such as offices / commercial / residential / retail / entertainment / institutional etc. Mixed uses may refer to retail at street level, institutional on the floor above and residential on the upper floors, or only one use per erf. Such land uses will be considered on merit and must be compatible to the surrounding area and shall focus on serving the local community and that the land use rights for this property may in principle be supported by the Municipality (subject to sufficient parking allocation and to any registered servitudes).
“Residential Densification” refers to high density accommodation in the form of apartments / flats. A density of 80 units per hectare is recommended by the planning policies of the Municipality. By taking the extent of the property into consideration, a maximum of 16 dwelling-units may be developed on the subject property, subject to the consent of the municipality (subject to sufficient parking allocation and to any registered servitudes).
Selati Street is regarded as an Activity Street: This permits low-intensity mixed land uses with a focus on community services and economic opportunities; Suburban Densification for residential developments; Interface with adjoining lower intensity residential developments to be treated sensitively (stepping of building – meaning 4 storeys to face on Garstfontein Road and 2 Storeys facing south).
Garsfontein Road is regarded as an Activity Spine: The street provides a focus for various non-residential and medium to higher density residential developments that create a vibrancy and specific identity. Mixed uses along the spine is permitted; Interface with adjoining lower intensity residential developments to be treated sensitively (stepping of building – meaning 4 storeys to face on Garstfontein Road and 2 Storeys facing south).
