Development Opportunity In Midrand – With All Approvals In Place For 266 Units

Bidding opens at R20,000,000

ONLINE AUCTION

Bidding Start Time: Wednesday 28 February 2024 @ 09:00

Bidding End Time: Thursday 29 February 2024 @ 14:30

Registration is essential by Monday 26 February 2024.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

Description:

This development opportunity is set in the Midrand Metropolitan Node in President Park with access to motorways, Waterfall, Mall of Africa, Gautrain Station Gallagher Convention Centre and Grand Central Airport. Mall of Africa which boasts a variety of convenience shopping is 4km from the site, with Carlswald Lifestyle Shopping Centre a little over 6km away. Gautrain Midrand Station is a mere 2.8 km away, with Gallagher Convention Centre a little over 2km away.

• Zoned for 266 units
• Zoning Residential 4 and Special
• Under-cover and visitor parking
• 4 Storeys
• Coverage 50%
• FAR 0.8
• Density 120 du/ha

Details:

• Erf no:  275, President Park Agricultural Holdings
• Erf size:  25696m²

Web Ref:  702207

Transfer Duty Applicable

Payment Terms:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Lesego Lekhoathi  | 083 605 8952  |  lesego@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za