For developers seeking an exceptional opportunity, we present a unique piece of land within Lombardy Estate & Health Spa, ideally suited for the development of luxury New York-style apartments. This prime plot is centrally located amidst the tranquil lakes and lush surroundings of Lombardy Estate, offering a picturesque backdrop for a prestigious development.
Key Details:
Rezoning in Place: The property already has the necessary rezoning approvals in place, streamlining the development process.
Rising Luxury Apartment Market: With a trend towards downsizing, the market for luxury apartments is steadily expanding. Affluent middle-aged buyers are increasingly seeking to transition from high-maintenance traditional houses to upscale flats, promising stylish, modern living with reduced upkeep.
Access to Hotel Services: Investors in Lombardy piazza may avail themselves of various hotel services, including housekeeping and concierge services. The high-rise design of these exclusive apartments ensures unobstructed views of the Lombardy water lakes and beautifully landscaped gardens.
Property Details:
ERF Use: Residential 4 Location: Uniquely positioned in the middle of Lombardy Estate, overlooking serene lakes and lush greenery. Size: 9436 square meters Building Lines: 3 meters from street boundaries Height: Shall not exceed 6 storeys Description: New York-style apartments Number of Units: Approximately 50 luxury units Average Unit Size: Depending on the final concept design Floor Area Ratio (FAR): Shall not exceed 1.2 Parking: As per the town planning scheme Coverage of Building: Will align with the approved site development plan This development land offers a unique and highly promising opportunity for developers to create a prestigious enclave of luxury New York-style apartments within the well-regarded Lombardy Estate & Health Spa. Don't miss the chance to be part of this exciting project that caters to the growing demand for upscale, low-maintenance living in a breathtaking setting. Contact us for more information and to explore this prime real estate opportunity.
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
