Property description

LISTING PRICE: R 17,900,000 | SELLER ASKING: R 19,990,000

26,960sqm | 2.696ha | North Riding AH | Last Developable Canvas in the Corridor

THE LAST BLANK PAGE IN A FINISHED BOOK.

Every other developable site in the Bellairs/Derby corridor has been claimed, built on, and sold. This is the one that remains. 24 Derby Drive is 26,960sqm of raw, undeveloped land in one of North Riding's most active and proven residential development nodes — and it won't exist as a land opportunity much longer.

PROOF OF CONCEPT IS NEXT DOOR.

The boundary wall of your next development touches the boundary wall of Sant'Ana: VTC Africa's flagship luxury estate at 166 Bellairs Drive. Three, four, and five-bedroom villas and apartments. Bosch appliances. Fibre. Secure family living. Finished. Sold. Done. VTC Africa identified this corridor, committed capital, built to luxury standard, and won. The question is: who moves on the adjacent land before the window closes permanently?

THE NUMBERS WORK.

Surrounding complexes consistently transact between R1.4m and R2.3m per unit. With ±47 developable residential stands on this erf at average absorption pricing, the gross development value speaks for itself. Sectional title, full-title estate, phased release — the structure is yours to design. The canvas is here.

THE LOCATION DELIVERS.

Northriding Square is 500m away. North Riding Secondary School is 800m. Arterial access via Bellairs Drive connects instantly to N14 and William Nicol. This is not a peripheral play — it is the geographic centre of a high-density, high-demand residential market that has remained resilient even as broader Joburg volumes softened.

THE SCALE IS RARE.

2.696 hectares. In North Riding. Unencumbered by existing structure. At this scale, in this suburb, this is not a listing — it is a market event.

Seller is asking R19,990,000. Serious, motivated, and ready to engage with credible developers and investors. Perimeter offers will be considered. First-mover advantage is real. This is the last call.