Prime 939m2 Northmead Property | Future Business & Medical Use.
An exceptional opportunity to acquire a well-positioned 939m2 property in Northmead, offering excellent potential for investors, professionals, medical practitioners or businesses seeking premises with future commercial rights.
The property comprises a main building of approximately 187m2, currently converted for office use, together with a separate outbuilding of 44m2 featuring three additional rooms, which can be utilised as individual offices, consulting rooms or storage space. The outbuilding also has its own separate toilet and wash basin, providing additional functionality and privacy.
The main building currently comprises office accommodation and has one separate toilet and wash basin. Please note that there is currently no bathroom with a shower or bath in the main building.
Rezoning to Business 3 – In Progress
The property is currently zoned “Residential 1”, and a formal rezoning process has been initiated to rezone the property to “Business 3”, with proposed rights to accommodate office use and medical consulting rooms.
Preliminary comments obtained from the Municipality and relevant external departments are supportive of the proposed rights, and the proposed rezoning is aligned with the Ekurhuleni Metropolitan Municipality Spatial Development Framework (EMM MSDF).
The formal rezoning application is expected to be lodged shortly, after which the prescribed statutory process will be followed in accordance with the applicable municipal requirements and By-Laws.
The anticipated timeframe for the rezoning process is approximately six months, subject to the Municipality's assessment, officials' workload, statutory processes and compliance with all applicable legal and municipal requirements. This timeframe is an estimate and cannot be guaranteed.
Property Highlights
939m2 stand
Approximately 187m2 main building and 44m2 outbuilding which brings the total sqm to 231m2 existing building area
Main building and outbuilding currently configured for office use
Three additional rooms/offices or storage areas in a separate outbuilding
Outbuilding includes a separate toilet and wash basin
Main building has one separate toilet and wash basin
Separate kitchen
10 internal parking bays and 5 parking bays on pavement
No bathroom/shower or bath currently provided in the main building
Currently zoned Residential 1
Business 3 rezoning process underway
Proposed rights for offices and medical consulting rooms
Preliminary municipal and external departmental comments supportive
Aligned with the EMM MSDF
Suitable potential for professional offices, consulting rooms, medical practitioners or investment purposes
Purchase price includes VAT
A Strategic Northmead Investment Opportunity
With existing office infrastructure, additional rooms in a separate outbuilding and a rezoning process already underway, this property offers an attractive opportunity for a purchaser looking to establish or expand a professional, consulting or medical-related practice, subject to the approval of the proposed rights.
Prospective purchasers are encouraged to satisfy themselves regarding the current zoning, existing uses, proposed rezoning, municipal requirements and outcome of the rezoning application prior to entering into a transaction.
