- Erf Size: ±1.98 Hectares
- Zoning: Residential 4
- Approved Density: Up to 357 Residential Units
- Height Allowance: 4 Storeys
- Services: Fully serviced with bulk infrastructure installed
- Development Status: Proclaimed and development-ready
- Topography: Generally level site requiring minimal earthworks
- Location: Prominent corner of Riverbend Drive & Nyala Road
- Accessibility: Convenient access to the N17 and N12 highway corridors
- Surrounding Amenities: Adjacent to Parkdene Boulevard Shopping Centre, Urbika Lifestyle Estate and Curro Private School
Prime Development Site in a Growing Residential Node
Auction Central is proud to present an exceptional opportunity to acquire a fully serviced, proclaimed high-density residential development site located in the rapidly expanding Parkdene precinct of Boksburg.
Measuring approximately 1.98 hectares, the property is zoned Residential 4, permitting the development of up to 357 apartments over four storeys. With zoning approvals secured and bulk services already installed, the site offers developers a rare “build-ready” opportunity, allowing for an accelerated development timeline and reduced upfront infrastructure risk.
Strategically positioned on the corner of Riverbend Drive and Nyala Road, the property benefits from excellent visibility and accessibility within a well-established residential environment that continues to experience strong growth and investment.
Strategic Location
The Parkdene area has emerged as a key residential growth node within the East Rand, supported by expanding infrastructure, access to major transport routes, and increasing demand for secure, conveniently located residential accommodation.
The site is located directly adjacent to the Parkdene Boulevard Shopping Centre, providing immediate access to retail, dining, and essential services. In addition, the development borders the Urbika Lifestyle Estate, a modern residential community that reflects the area’s ongoing urban expansion.
Curro Private School is within walking distance, further enhancing the area’s appeal for family-oriented residential developments.
Additional nearby amenities include:
- East Rand Mall – approximately 10 minutes away
- Boksburg CBD – approximately 5 minutes away
- N17 and N12 highways – providing convenient regional connectivity to Johannesburg, the East Rand and surrounding economic hubs
This combination of lifestyle amenities, educational facilities, and transport accessibility positions the site ideally for residential development targeting both owner-occupiers and the rental market.
Development Potential
The property presents an attractive development platform for a range of residential strategies, supported by its Residential 4 zoning and approved density of 357 units.
The scale and location of the site make it particularly suitable for:
- Build-to-rent residential developments targeting the growing rental market within the East Rand
- Sectional title apartment developments aimed at the middle-income residential market
- Affordable housing or social housing developments in partnership with housing initiatives
With bulk services already installed and approvals in place, developers can proceed directly to the planning and construction phases, significantly reducing project lead times and development risk.
Investment Opportunity
Well-located, development-ready land of this scale with Residential 4 zoning is increasingly scarce within established urban nodes across the East Rand.
This offering represents a compelling opportunity for developers and investors to secure a high-density residential development site within a rapidly growing suburban precinct, supported by strong surrounding infrastructure, established amenities, and ongoing residential demand.
With its prime corner location, development readiness, and substantial unit yield, the property provides a solid foundation for delivering a large-scale residential project in one of Boksburg’s emerging growth corridors.
