Web Ref RWR1168
R2,490,000
292 Castlehill Drive, Blackheath, Randburg
Monthly Bond Repayment R24,442.92
Calculated over 20 years at 10.25% with no deposit.
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Monthly Rates
R1,889
R1,889
Medical-Approved Development Opportunity - High-Exposure Location
Medical-Approved Development Opportunity | Income in Place | High-Exposure Location
Positioned within a rapidly intensifying commercial corridor near Heathway and Cresta Shopping Centres, this high-visibility site offers a rare combination of approved medical rights and immediate income potential.
Zoned Residential 1 with approved medical consulting consent, the entitlement groundwork is already secured — significantly reducing risk and accelerating development timelines.
The existing four-bedroom structure (currently operating as a dental practice) allows for interim income while planning expansion, redevelopment, or repositioning.
Ideal For:
- Purpose-built medical or specialist suites.
- Multi-tenant professional offices.
- Wellness or allied healthcare hub.
- Educational facility.
- Residential densification (subject to approval).
Value Drivers:
- Approved medical consent.
- Established commercial node.
- Strong community catchment.
- Ample on-site parking.
- Additional outbuildings for lettable space.
- Reinforced foundations supporting expansion.
Opportunities with secured medical rights in established nodes are limited.
Act decisively - assets with this level of flexibility and reduced entitlement risk are increasingly scarce.
Rates: R 1889.00
E & O E
Positioned within a rapidly intensifying commercial corridor near Heathway and Cresta Shopping Centres, this high-visibility site offers a rare combination of approved medical rights and immediate income potential.
Zoned Residential 1 with approved medical consulting consent, the entitlement groundwork is already secured — significantly reducing risk and accelerating development timelines.
The existing four-bedroom structure (currently operating as a dental practice) allows for interim income while planning expansion, redevelopment, or repositioning.
Ideal For:
- Purpose-built medical or specialist suites.
- Multi-tenant professional offices.
- Wellness or allied healthcare hub.
- Educational facility.
- Residential densification (subject to approval).
Value Drivers:
- Approved medical consent.
- Established commercial node.
- Strong community catchment.
- Ample on-site parking.
- Additional outbuildings for lettable space.
- Reinforced foundations supporting expansion.
Opportunities with secured medical rights in established nodes are limited.
Act decisively - assets with this level of flexibility and reduced entitlement risk are increasingly scarce.
Rates: R 1889.00
E & O E
Features
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchen
1
Reception Rooms
2
Study
1
Furnished
No
Exterior
Security
Yes
Parkings
2
Domestic Accomm.
3
Pool
Yes
Sizes
Land Size
1,983m²
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Daniel Viana
Candidate Property Practitioner Registered with PPRA(FFC 202678013160000) Show number View my listings WhatsApp