FOR SALE: PRIME BUSINESS-ZONED LAND - READY FOR SHOPPING CENTRE DEVELOPMENT IN THE HEART OF ORLANDO EAST, SOWETO
Location: Mooki / Rathebe Street, Orlando East, Soweto, Gauteng
Price: R11,500,000 (Eleven Million Five Hundred Thousand Rand)
Property Type: Vacant Land (Business Zoned)
Land Size: 7,941 m2 (Comprising 4 combined stands)
AN UNRIVALLED RETAIL DEVELOPMENT OPPORTUNITY IN VIBRANT SOWETO!
Seize this exceptional opportunity to develop a much-needed shopping centre in the bustling and densely populated heart of Orlando East, Soweto. This prime, business-zoned land offers a rare combination of strategic location, confirmed retail demand, and advanced development readiness, making it an ideal investment for discerning developers and investors.
KEY HIGHLIGHTS:
* Strategic Location: Situated at the prominent intersection of Mooki and Rathebe Street,
* Strong Anchor Tenant Interest: We hold compelling letters of interest from South Africa's leading retail giants: Pick n Pay, Shoprite, and Boxer. This confirmed demand from major anchor tenants significantly de-risks the development and ensures a high probability of successful tenancy.
* Development Ready:
* Architectural Designs: Preliminary architectural designs for a shopping centre development are already complete.
* Approved Traffic Impact Assessment (TIA): The City of Johannesburg has already approved the Traffic Impact Assessment Report, a critical and often time-consuming hurdle in large-scale developments.
* Business Zoning: The land is fully zoned for business, allowing for immediate progression with retail development plans. A comprehensive zoning document is available for inspection.
* Essential Services Connected: All essential services, including water, electricity, and sewerage, are readily available on site, further simplifying the development process.
* Significant Investment in Due Diligence: Over R500,000 has already been invested in professional services,
.