Marie Road 11, Monavoni Agricultural Holdings, Centurion
Development Land Plus Large Family Home
Auction starts: November 30, 2022 09:00
Auction ends: December 01, 2022 14:30
Opening bid: R3,500,000
Bidding opens at R3,500,000
ONLINE AUCTION Bidding Start Time: Wednesday 30 November 2022 @ 09:00 Bidding End Time: Thursday 1 December 2022 @ 14:30 Registration is essential by Monday 28 November 2022. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent.
• Here we have 1 HA of prime residential land located a stone’s throw away from the popular Forest Hill Mall which is situated in the ever-growing western part of Centurion. • The property currently has a large 4-bedroom house on it with a cottage, 2 double garages, 1 store room, 2 lapas, a swimming pool and a useful borehole. • Raslouw and Monavoni area in Centurion are mainly agricultural suburbs situated between the R55, M10, Ruimte Road (R114) and Gouws Street. • In the 80s-90s it was situated just outside the then “booming” outskirts of Centurion and was considered the suburb with the “country life” feel, but the convenience of having all the beneficial commodities of a “city life” close by. • Although this remains, it is no longer situated on the “outskirts” of Centurion and consequently the surrounding areas have drastically evolved with residential / commercial / retail developments and infrastructure expansion. • The suburbs mainly consist currently of small to medium residential agricultural holdings, but light small business enterprises also co-exist. • An analysis of the surrounding area shows that low-medium housing schemes spilled over into suburbs like Thatchfield (Southwards), and Amberfield (Southwards). • These continuous developments contributed to the development of two existing Regional Shopping Centres (Mall@Reds and Forest Hill) and four existing Lifestyle Centres (Raslouw, Celtisdal, Willem Botha and Mall@55); all in close proximity. • There are additional developments consisting of retail, residential and commercial, currently being planned for the corner of Phillirene and Ruimte Road. • The current road infrastructure is constantly being upgraded and provides easy access to the N14 (East West) and via the R55 (North South). • The average commuter that travels 30 minutes to and from work with easy access to the Centurion CBD, Midrand, Kyalami and the Pretoria CBD via the M10 and N1. • Recently there has been high-end expansion in the suburbs with estates. • These properties, both commercial and residential in Centurion, will always be in high demand because of its centralised location and continuous growth in the last 25 years. • Future developments and expansions can only continue going West (Monavoni) (North of the N4 and South of the R55) and are easily observed, looking how the areas and infrastructure surrounding Raslouw/Monavoni are evolving.