Property Details

DEVELOPMENT OPPORTUNITY IN OLYMPUS, PRETORIA

EXCLUSIVE MANDATE

GENERAL: PCP (Proof of Compliance Package) Process explanation (Set of Conditions before Promulgation): Once the reports from all departments within the council are received and deemed to be “positive”, including any tribunal hearing report, the PCP process (2-3 months) can start:

1. Bulk Contributions become payable. As well

as any service upgrades if applicable.

2. Once paid and constructed, a certificate is

received as confirmation.

3. Proclamation notice is published in

Government Gazette.

4. Proclamation (3 weeks after notice is

placed).

5. Zoning Certificate is obtained 14 days

later.

6. Architect submit final SDP and designs for

approval (1-3 months).

7. Construction to start.

• Objection from Friends of Faerie Glen

currently delaying the Approval.

• Primary aim is to prevent going to a

Tribunal. Additional Environmental

Consultants (as generally accepted by the

Objectors) was appointed on 4 June and the

site assessment will be conducted within a

week of the appointment date. The

Environmental Report is then expected within

10 days thereafter.

• The Town Planner will then approach the

Objectors with the additional Environmental

Report to sway the Objectors to withdraw

their objection.

• The Approval Letter will follow as soon as

the objection is withdrawn.

• PCP process can then start.
• Tribunal date to be set if unsuccessful with

the above mentioned.

PROJECT SUMMARY:

• 25 Units @ ± 194m² / unit (3 bed, 2.5

bathroom, open plan, double garage).

Sectional title.

• Total unit squares: 4850m².
• Individual stand size: ± 284m²
• Stand size: 10,000m².