9465 m² Business For Sale in Ruimsig

Student Housing or Conventional Apartments Opportunity opposite Monash University Ruimsig !
Walk across Peter rd to Monash University Ruimsig from this well positioned Student housing stand ! Or build 140 conventional apartments in this popular suburb.
Semi serviced with gatehouse in place
Fully walled
140 units
4 storeys permitted
Next to new Student Housing development
50% coverage FAR 1.0
9485 m2 in extent
One parking bay per 2.5 beds
Current rental of R18000 per month from house (ultimately to be demolished). 3 phase power and Council water in place.
At pre proclamation stage Ruimsig x 87
Bulk contributions payable
Gatehouse and walls in place
Site has been consolidated as Erf 539 Ruimsig