This rare development opportunity comprises of 3 development sites and an additional 10 sites with partial improvements. All 3 sites as well as the 10 individual properties are situated on Sew Drive within the residential suburb known as Southridge in Verulam.

Locality & Access
The area is easily accessed directly off Jabu Ngcobo Drive (M27 Main Road / Umdloti Link Road). The property is positioned at the entrance road into the Waterloo Township within Verulam. Jabu Ngcobo Drive (M27) runs east to connect to the N2 Freeway and north to the airport and the coastal suburb of Umdloti. Along Jabu Ngcobo Drive are smaller light industrial properties. The area forms an integral part of the expanding northern corridor. The new King Shaka International Airport is approximately 12 kilometres north along the R102.

Fairly new developments with national and international blue-chip companies such as BP, Sasol and SPAR are positioned on the M27 within a 1 ½ km radius from the property. The property is surrounded by townships such as Waterloo, Riyaadh, Valdin Heights and Temple Valley with the population falling in the middle to lower income earning brackets. Just Waterloo alone has a population of over 30 000 people. There is a large labour pool in the surrounding townships.

The property is well appointed with regard to location and is in close proximity to all necessary amenities such as public transport facilities, schools, institutional centres, entertainment and shopping centres. The property is fully serviced with tarred roads, sewerage, refuse removal and Telkom networks.

Extents and Zoning
The 3 development sites are Erf 13390 which has an Extent of 2 373 m², Erf 13391 with an extent of 2 801 m² and Erf 13392 that is 3 147 m² in extent. All 3 sites have been rezoned and now have a zoning of General Residential 2 with an allowed coverage of 30% and FAR of 0.75.

Development Concept
The development of this project was planned to be over 4 phases.

Phase 1 was meant to be the development of the 10 individual sites with 2 and 3-bedroom homes which were in the 75 m² range. The extent of the sites range from 250 m² to 400 m²

Phase 2 was the proposed development of Erf 13391 and was meant to comprise 30 x 2 bedroom units.

Phase 3 was planned to take place on Erf 13390 and envisioned 35 x 2-bedroom units.

Phase 4 was to be developed on Erf 13392 and was meant to comprise of 42 x 2-bedroom units.

The size of each unit was meant to be approximately 55 m².