Property description

Location:

Cloverdene, Germiston is a residential neighborhood known for its quiet, well-established community. It features a mix of family homes, townhouses, and some apartment buildings, offering a diverse range of housing options. The area is characterized by paved streets, leafy surroundings, and parks, making it a pleasant environment for residents. Cloverdene is conveniently situated with easy access to essential amenities such as schools, shopping centers, healthcare facilities, and public transportation. The community has a friendly, suburban atmosphere, appealing to families, professionals, and retirees seeking a peaceful living environment within proximity to Germiston’s economic and social hubs. 

 Details: 

1.9720HA in property extent.

Zoned residential.  

Building Plans for 234 Units available.  

Each unit: approx. 58m2, 1 bath, 2 bed. 3 floors. 20 blocks.  

Site development, building and environmental plans are approved. Land is un-serviced. 

Investment Highlights:

- Strategic Location: Situated within Germiston, Cloverdene benefits from proximity to major transportation routes, business districts, and economic hubs, ensuring high accessibility and demand. 

- Growing Community: The area's well-established residential base provides a steady market for new developments, especially family and young professional tenants and buyers. 

- Demand for Housing: Continued urbanization and population growth in the East Rand generate a consistent need for quality residential options, making it a lucrative investment opportunity. 

- Affordability and Market Value: Property prices in Cloverdene are relatively affordable compared to more central areas, offering potential for higher yields and appreciation. 

- Amenities and Infrastructure: Existing amenities such as schools, shopping centers, healthcare facilities, and parks enhance the desirability of the area for residents. 

- Potential for Value-Addition: The development of a modern residential complex can significantly increase property value, attract tenants willing to pay a premium, and boost rental income. 

- Favorable Development Environment: South African municipalities often support residential development projects with streamlined approval processes and incentives to encourage investment. 

- Economic Growth in the Region: Growth in local industries, commerce, and infrastructure development in Germiston and the broader East Rand supports long-term demand for residential living spaces. 

These highlights suggest that a well-planned residential complex in Cloverdene could offer strong financial returns, long-term appreciation, and a strategic position within one of the East Rand’s growing suburbs. 

 Asking Price: The property is available for R23 000 000.00 excluding VAT.