Prime Business 1 Retail Development Site for Sale

Investment Opportunity – Prime Business 1 (Retail) Development Site, Three Rivers, Vereeniging

Positioned on the main arterial route into Three Rivers, this strategically located Business 1 zoned property presents a rare investment opportunity in one of Vereeniging’s most established commercial nodes. With an impressive daily traffic count of ±28,000 vehicles (TESS Report), this site offers unmatched exposure and accessibility.

Asking Price

• R9 500 000-00 excluding VAT.

Key Property Details

• Total Site Area: ±9,800m2
• Gross Lettable Area (GLA): ±2,955m2
• Permissible FAR: 0.4 | Achieved FAR: 0.3
• Permissible Coverage: 50% | Achieved Coverage: 31%
• Parking: 177 bays (required and achieved)

Development Readiness:

This site is ready for completion and occupation. Most major civil and professional design components have been finalized and approved by council:

• Approved zoning (Business 1) with council-approved services, traffic, and road plans.
• Site Development Plan (SDP) can be finalized and circulated.
• Three architectural designs done and council approval for services, roads and traffic is in place.

Should one of the current designs be used to proceed, then the following applies:

• Structural and civil designs are completed by registered engineers.
• Electrical design is approved by council.
• Base construction is 90% complete, significantly reducing lead time to market.

Investment Highlights

• Zoning: Business 1 – fully approved for commercial development
• Ownership: Unbonded property
• Prime exposure on a high-traffic arterial route.
• Significant upfront investment already completed.

The opportunity exists to purchase the VAT-registered company in which the property is registered.

With most major approvals secured and significant investment already made, this is an opportunity for developers seeking to enter the Three Rivers commercial market with reduced risk and accelerated timelines.

At Harcourts Maritz Properties, we understand the significance of choosing the right location and facilities for your business. We are committed to maintaining our reputation for reliability, consistency, and integrity. Our focus is on building strong, long-term relationships based on mutual trust and respect with all our clients. For prompt and efficient service regarding your commercial property needs—whether buying, selling, or renting—or for professional advice, please reach out to Wian Coetzee or email us with your specific requirements.

Our Services Include:

- Selling and leasing of industrial and commercial properties

- Selling and leasing of industrial and commercial land

- Development of industrial and commercial buildings

- Development of industrial and commercial land

- Valuation of land and buildings