Rezoning for Residential 3 is in the process, perfect location, great for Church, School or Showroom, or development
The property is 2.5919ha in size and located in the heart of Midrand and will be suitable for either a Church or a School or once rezoned to Residential 3 which the has started but not completed, this will allow 167 units 3 Storeys.
Company owned so vat is applicable unless another vat registered company purchases the property or you purchase the company .
There is Mains sewerage available, Generator to power the entire property.
3 Phase power
The application has proceeded with submission as required for approval of the various developmental controls, including, but clearly not limited to the details requirement in terms of the Water use Licence application, the Wetland Assessment, Flood line Certification as well as all the other services and procedural details required for a successful application.
In accordance with the revised planning schemes of the City, the property now falls into a Metropolitan node and therefore the zoning has changed from Agricultural to Agricultural/Business.
The property currently has one tenant, their lease includes a notice period of 6 months.
There is currently a main house and workshop facility there is also shade canopies but can remove them, the tenant occupies the kitchen/lecture room of the main house and a flat, plus outbuildings comprising a large showroom, a workshop area and shade ports along the Southern boundary plus a 3-container workshop.
These outbuildings are their property and if you are interested in them, they would form part of a separate negotiation.
Please note that are asking price for the property excludes VAT, as it is company owned, we assume that it would be a company purchasing the property and then this would make it a zero-rated transaction.
Should you be interested in more information we would be happy to arrange a meeting with our Planning Consultant to give the professional answer to any queries.
Centridge is a proudly South African real estate brand dedicated & ultimately committed to providing exceptional levels of service. Centridge offers tailor-made and effective solutions to any real estate agent, buyer or seller in a cost-effective manner.
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