Online auction in conjunction with BIDEASY AUCTIONS of PRIME ±5948m² property with proposed development of 72 dwelling units (zoned and approved) located in Woodmead, Johannesburg.
Online Auction Details:
- Bids Open: 28 July 2025 at 08:00
- Bids Close: 29 July 2025 from 11:00
- Viewing: By Appointment Only
- Address: 12 Morris Street West, Woodmead, Sandton
Property Description:
PRIME ±5948m² PROPERTY WITH PROPOSED DEVELOPMENT
Rare opportunity to invest in prime development land in an area where development land is very scarce. The property of ±5948m² is situated on the corner of Morris and Shelly Streets and is zoned Residential 3 permitting 72 dwelling units on site.
The location of the property provides easy access to four major highways: the N1 Western Bypass, N1 and Schoeman Freeway, the N3 Eastern Bypass, and the M1. In addition, the area falls within the great Sandton area, which is one of the most affluent residential and business areas of Johannesburg and is regarded as the hub of upstart and established companies. Hyde Park and other commercial centers, shopping centers, restaurants, etc., are all located within the proximity of this property.
Proposed Development Details – Option 1
- 24 x 1 Bed 1 Bath Units (Inclusionary Units)
- 20 x 2 Bed 1 Bath Units
- 12 x 2 Bed 1 Bath Units
- 16 x 2 Bed 2 Bath Units
TOTAL: 72
SITE AREA: ±0.4411 ha
- Use Zone 4: Residential 3
- Number of Floors: Ground + 3
- Density: 164 du/ha allowing 72 dwelling units on site of which 48 will be market units and 24 Inclusionary housing units.
- Coverage: ±1093m² Building + ±900m²
- ±1993m² = 45%
- FAR: 0.78
- Parking Provided: 82 bays
- Parking Ratio: 1.1 bays p/unit
Additional Information is available on request.
BidEasy Listing: https://bideasy.co.za/index.php/auctions/item/1067-zoned-and-approved-development-woodmead-sandton
Terms & Conditions of the Online Auction:
- Registration fee R100 000.
- 5% Deposit payable on the fall of the hammer.
- 10% Buyers commission plus VAT payable on the fall of the hammer.
Contact:
Pieter Nel
084 880 0165 / pieter@bideasy.co.za
To register for the online auction; contact the office at 086 144 4242 or info@bidderschoice.co.za
