Unique Mixed Use Development Opportunity

Bidding opens at R17,500,000

ONLINE AUCTION

Bidding Start Time: Tuesday 25 April 2023 @ 09:00

Bidding End Time: Wednesday 26 April 2023 @ 14:30

Registration is essential by Monday 24 April 2023.

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

For more information, please contact the listing agent.

Description:

CALLING ALL DEVELOPERS!

This unique approved development site, located corner of 53-57 Plein & Mostert Streets offers the opportunity to design hotel, large apartments, micro apartments, retail, commercial, medical clinic, frail care facilities, and others.

THE SITE:

4 Consolidated erven totalling 943m² made up of:

• Portion of Erf 171085 measuring 352m²
• Erf 4806 measuring 389m² 
• Erf 4808 measuring 195m²
• Erf 4809 measuring 11m²

ZONING:

• GB7 ZONING

MAX HEIGHT:

• 60m but SDP approved for 69m

COVERAGE:

• 100%

FAR:

• 12

BULK:

• 8487 m² - SDP Approved for 10,962.9 m²

Details:

• Remainder of Erf 171085 measuring 352m²
• Erf no: 4806  |  Erf size: 389m²
• Erf no: 4808  |  Erf size: 195m²
• Erf no: 4809  |  Erf size: 11m²
• Rates:  TBC
• Zoning:  General Business 7

Web Ref:  566178

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.

Sanjeev Boyjoonauth  |  066 054 2211  |  021 425 8822  |  sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za