LOT NOT SOLD
CLOSING BID
Development Opportunity – 39 Townhouse Security Estate
BIDDING OPENS AT R6,400,000.
ONLINE AUCTION
Bidding Start Time: Wednesday 31 July 2024 @ 09:00
Bidding End Time: Thursday 1 August 2024 @ 14:30
Registration is essential by Monday 29 July 2024.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
Earmarked as "LORRINAT VIEWS", this unique development opportunity is located on the hills of Nahoon Valley Park Estate, East London. Currently under construction, this turnkey project is ripe for a seasoned developer to takeover and complete.
Massive upside potential via Pre-sale Plot & Plan opportunities. The current owners are open to an outright acquisition OR JV partnership, depending on which extracts best value for project completion.
PRE- AUCTION OFFERS WELCOMED !!!
GUIDE PRICE R7,000,000 - R10,000,000 (excl Claremart fee & VAT)
Development Opportunity:
- Site Development plans available
- 39 Free-standing Townhouses within a secured gated community
- Ground Floor: Lounge, Dining, Kitchen with Scullery/Laundry room, Guest Bathroom, Outdoor Patio & Landscaping
- Top Floor: 3 Bedrooms with BIC, En-suite Bathroom in Main room, Full family Bathroom (Bath, toilet, basin), Corner Balconies for 2 rooms, Double volume ceilings
- Each Plot has 2 dedicated parking bays
- Avg.unit sizes 165m² -211m²
- Status of project: Consolidation of erven completed, Professional costs paid & Bulk services are in place. Next phase of project is connection of individual plot services.
NOTE: Commercial & Development Financing available. In-House Project Advisory service available. Leasing services available.
Pre-Auction offers Welcome.
Contact Sachin & Rob for more info or OTP.
DETAILS:
- Erf No: 93207, East London
- Erf Size: 12 716m²
- Rates: TBC
- Zoning: TBC
Web Ref: 714784
VAT 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.
Sachin Boyjoonauth | 068 259 2425 | 021 425 8822 | sachin@claremart.com
Rob Stefanutto | 083 556 6861 | 021 425 8822 | rob@claremart.com
CONTACT DETAILS:
Auctioneer: Claremart Group
Contact No: +27 21 425 8822
Email: info@claremart.co.za
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