1057 m² Land available in Ruimsig

R 2 700 000

Anton Schulz

Titan International

1057 m² Land available in Ruimsig

R 2 700 000

Land Area 1057 m²
Rates R 4000

Portion 142 is 10,057 square metres in size (just over one Hectare), and is vacant land enclosed by a 3m high wall on 3 sides of the property. The wall on the Gelding avenue side is fully plastered and painted, with a high, impressive entrance. The wall on the south side of the property has not been built yet, although foundations have been cast. Portion 142 is predominantly flat land with a gentle slope towards North and East. Minimal vegetation and ideal to build on. The portion is situated close enough to Hendrik Potgieter road to be central, but far enough from this road to be private and sufficiently peaceful. Topographically, Portion 142 is located at the highest part of Ruimsig with views towards north-east, which very few other stands in the area offer. Portions 141 and 144 on either side of Portion 142 are long-established, developed properties. The land has great future investment potential, since the town planning scheme for that area of Ruimsig permits subdivision and rezoning to a maximum density of 5 units per hectare. That means that Portion 142 can potentially be subdivided into 2, 3, 4 or a maximum of 5 stands.

Build your dream home in this sought after, upmarket residential area of smallholdings, boutique luxury developments and stately family homes ranging in property values from R1.5 Million up to R20 Million and beyond. No matter how grand you decide to build, you can never over-invest in this exclusive area. With its large stands and zoning specifications, this area will always retain its country feel, while at the same time remaining both accessible and central. Ruimsig is in close proximity to Hendrik Potgieter road, the N14 highway, several private schools, Monash University, Walter Sisulu botanical gardens, 2 local shopping centres, Silverstar Casino, Ruimsig Country Club and the recently-constructed regional shopping centre called Cradlestone Mall.

Please note that if this property is to be purchased with bond finance, commercial banks currently do not give bonds of more than around 50-60% bonds for vacant land. Therefore, a buyer will have to provide a substantial cash deposit for purchase and transfer costs.

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1057 m² Land available in Ruimsig

R 2 700 000

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