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Kookrus, Kookrus, Meyerton, Gauteng
R 1 785 000
I am proud to present this exceptional development opportunity situated at Erf 159, 120 Pierneef Boulevard, Kookrus, Meyerton, offering outstanding potential for residential development in a well-established and expanding area. This sizeable property measures approximately 16 325m², providing developers with ample space to create a profitable and well-planned residential project. The property is currently not zoned Residential 1, however it offers excellent rezoning potential and can be zoned to Residential 2, allowing for the development of approximately 40 sectional title units. This creates a strong opportunity for investors and developers looking to capitalise on the growing demand for sectional title housing in the Midvaal region. A major advantage of this development site is that all municipal services are immediately available, including: • Water • Sewerage • Electricity Services are readily accessible from Midvaal Municipality, significantly reducing infrastructure installation time and development costs. The property is ideally located along Pierneef Boulevard, offering convenient access to main routes, schools, shopping amenities, and surrounding residential suburbs, making it highly attractive for future homeowners and tenants alike. With sectional title developments continuing to show strong demand in the area, this property presents a rare opportunity to secure a strategically positioned development parcel with excellent growth and return potential.
Estimated monthly repayment
R 16 856
on a R 1 606 500 bond over 20 years at 11.25%
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Kookrus, Kookrus, Meyerton, Gauteng
Fair-value check
Fairly pricedIn line with comparable 4-bed houses for sale in Kookrus
Based on 12 comparable listings
A market signal from comparable listings — not a formal valuation.
Listed by
Nomvula Erasmus
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