128514 m² Commercial Vacant Land For Sale in Somerset West Central

Location:
At 3888 N2 ROAD, STELLENBOSCH FARMS / Erf 918 Portion 35.
(East of Onverwacht Rd, West of Pinkster (Pentecostal) Park (Erf 918/36), North of the current N2(T2)).

Property Description:
• Portion 35 of the Farm Gustrouw No 918, situate in the division of Stellenbosch.
• Vacant Land (previously zoned Agricultural) currently held under Deed of Transfer No. T34248/84.
• Size: 12,0534ha (120 534m2) composed as follows: 12,8514ha (128 514m2),
• Excluding portion sold to Eskom in 2006 for Electricity Substation (approx. 3946m2).

Approved Development Rights:
• rezoning of Portion 35 of Farm 918, Gustrouw, from Agriculture to Subdivisional Overlay Zone Area for Single Residential, Local Business, Open Space, Utility and Transport purposes,
• subdivision of Portion 35 of Farm 918 into 2 Local Business Zone 2 erven, 104 Single Residential Zone 1 erven (102 units, I road portion, 1 open space portion), 2 Transport Zone 2 erven, 2 Utility Zone erven (Eskom substation and a detention pond) and 1 Open Space Zone 3 erf, as indicated on Subdivision Plan No 6 dd 22/02/2021,
• a regulation departure from the DMS for Local Business Zone 2 Portions 1 and 2 to permit 15m high buildings in lieu of 12m,
• a regulation departure from the DMS for proposed Single Residential Zone I erven 3 - 104 to permit the relaxation of the 1,5m common building lines to 1m for windows,
• The Phasing Plan no 7 dd 22/02/2021 for a mixed-use development on Portion 35 of Farm 918, Gustrouw.
Farm 918/35 Opportunities and Phasing:
• Total = 432 flats <100m²
• SR1 = 102 units, approx 215m² in size each
• GLA = 2640m²

Phase 1A:
- 96 sectional title units (i.e. flats) with a max. GLA of 660m².
Phase 1B:
- 96 sectional title units (i.e. flats) with a max. GLA of 660m².
Phase 2A:
- 96 sectional title units (i.e. flats) with a max. GLA of 1320m².
Phase 2B:
- 72 sectional title units (i.e. flats).
Phase 2C:
- 72 sectional title units (i.e. flats).
Phase 3A:
- 57 single title units (i.e. townhouses).
Phase 3B:
- 45 single title units (i.e. townhouses).
Phase 4:
- Private open space (i.e. wetland).
Phase 5:
- Existing Eskom site.
Phase 6:
- CoCT’s regional detention pond.

Rights Currently Not Approved:
The Municipal Planning Tribunal (MPT) on 23 March 2021 in terms of section 98 of the City of Cape Town Municipal Planning By-Law, 2015 (MPBL), refused the application for approval of The Site Development Plan No SK.10.01 Rev 12 dd 7 July 2020 for a mixed-use development on Portion 35 of Farm 918, Gustrouw for the following stated reasons:
• The SDP does not adequately comply with the urban design policy.
• The urban design footprint is parking led, monotonous and has too little variation with respect to built form.
• Insufficient open space is provided for in the higher density area.
• Consideration is not given to the linking of the proposed restored wetland with the stormwater detention pond by a means other than a culvert.
• Adequate setbacks are not provided for on the southern eastern edge to enable retention of the existing eucalyptus trees.

Supporting Documents Available on request.