A partially developed commercial site at 132 West Street, Sandown has been listed for R577 million, offering a total of 55,000m² in commercial bulk across 9,450m² of land.

Positioned by Fortress Real Estate Investments Limited as “Africa’s next premium landmark in Sandton”, the space is available to “build your future office, hotel, embassy or retail space – a golden opportunity on Africa’s richest square mile”.

The site consists of three separately titled portions:

Portion 1 – 3,674m² with 22,000m² bulk at R11,680/m² (R257 million)
Portion 2 – 2,504m² with 15,000m² bulk at R10,000/m² (R150 million)
Portion 3 – 3,272m² with 18,000m² bulk at R9,450/m² (R170 million)

The land is zoned for mixed use, allowing for development of shops, offices, apartments, and hotels. Foundations and basement parking bays have already been built on one of the portions, and are included in the sale price.

The site is located directly opposite the Gautrain station, and is adjacent to Nelson Mandela Square and Sandton City.

Similarly, a prime commercial site in the heart of Sandton’s business district has gone on the market for R250 million, offering one of the largest and most strategically located parcels available for mixed-use development.

Located at the high-traffic intersection of West Street and Rivonia Road, directly across from the Sandton Gautrain Station, the 6,802m² site is already partially developed, with foundations and an eight-storey basement parking structure in place.

These features are included in the sale, significantly cutting future construction lead times and costs.

Zoning and Development Scope

The site is zoned Mixed-Use Zone IX, allowing for a combination of commercial, residential, hospitality, institutional, entertainment, and retail development. It offers:

• Bulk rights: 38,000m² currently approved
• Additional bulk: Up to 44,000m² subject to council approval
• Height limit: 40 storeys
• Coverage: 70%

This is the largest of six subdivided portions in the node, and one of the last remaining opportunities of its size in central Sandton.

The site lies in close proximity to major financial and corporate headquarters, including Old Mutual, Discovery, HSBC, Investec, ABSA, RMB, and the JSE. Legal and professional firms such as Bowmans, Norton Rose, Werksmans, and Webber Wentzel also operate nearby.

Retail and lifestyle landmarks like Sandton City, Nelson Mandela Square, and the Sandton Convention Centre are all within walking distance.

Commercial buyers looking to finance the R250 million purchase would require a substantial capital commitment. Assuming a 30% deposit (R75 million) and a 70% bond (R175 million) at a prime rate of 11.75%, monthly repayments over 20 years would total roughly R1.88 million.

Development-ready land in Sandton’s financial hub is increasingly scarce. With key infrastructure already in place and full mixed-use rights secured, this site presents a rare opportunity for large-scale urban development in Johannesburg’s most valuable commercial corridor.