8.1 ha Land available in Olifantsfontein

R 20 000 000

Candice Duarte

Blu Real Estate

Sonja Mann

Blu Real Estate

8.1 ha Land available in Olifantsfontein

R 20 000 000

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Land Area 8.1 ha

PRIME LAND FOR DEVELOPMENT

1. INTRODUCTION

The property is situated adjacent to the Clayville Ext 9 industrial township and boarders onto the R562 Road (Olifantsfontein Road).

The property is zoned Industrial 2 and consists of 12 Industrial erven.

2. PROPERTY INFORMATION

2.1 Description

The property is described as Portion 107 (a portion of Portion 73) of the farm Olifantsfontein 410-JR.

2.2 Locality

The property falls within the Ekurhuleni Metropolitan Municipality area of jurisdiction. The property is situated on the northern side of the R562 Road (Olifantsfontein Road) and adjacent to the Clayville Ext 9, industrial township. The residential township of Tembisa is situated to the south of Olifanstfontein Road.

2.3 Size

The total surface area of the property is 8.0637 Ha in extent.

2.4 Town Planning

The property is zoned Industrial 2 with a height of 2 floors and a FAR of 0.6 and coverage of 70%.

The property consists of 12 erven ranging in size from 2,947m to 11,071m and 1 private road measuring 10,515m.

(Refer to the attached Town Planning approval Annexure B)

3. SOCIO-ECONOMIC ASSESSMENT

The property falls within the existing Olifantsfontein/Clayville industrial node. This node benefits from the major road network which provides easy access to the N1 highway as well as the R21 highway.

There are no direct rail linkages to the site, but the road network provides easy access to distribution markets, railway sidings and airfreight. The Olifantsfontein Station is situated on Main Road, which is approximately 3km north-east of the site.

The O R Tambo International Airport, which is approximately 20km south of the property, is easily accessible via the R21 highway.

The property is also centrally located in terms of the major CBDs of Gauteng, namely Midrand CBD (12km), Pretoria CBD (33 km) and Johannesburg CBD (40 km).

A number of residential townships are situated in close proximity to the property. Tembisa, Ivory Park and Ebony Park are located on the southern side of Olifantsfontein Road, and Clayville residential township to the north of the industrial node. These residential areas house a population of approximately 648,000 people.

4. SUMMARY

The property has excellent development potential for the following reasons:

It is located within an existing industrial node

Accessibility to major transport nodes and routes such as the N1 Highway and the R21 Highway

Centrally located in terms of the Pretoria, Midrand and Johannesburg CBDs

The property is situated approximately 20km north of the OR Tambo International Airport via the R21 highway

The property falls within the designated industrial framework of the Ekurhuleni Metropolitan Municipality

The slope size and shape of the property is such that a cost effective development can be accommodated

Bulk services are available and

There is a substantial need for zoned industrial and commercial land in Gauteng.

5. PRICE

The Purchase price is R20 000 000.00 (TWENTY MILLION RAND) Excluding VAT.

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Candice Duarte

Candice

Duarte

Sonja Mann

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Mann

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Midrand, also known as the Halfway House, was established as a municipality in 1981. It is a very vibrant, accessible area that is growing at a rapid rate. Families flock to the area to take advantage of the laid back lifestyle and variety of amenities. There is plenty of employment nearby, with many large businesses taking advantage of Midrand's convenient location between big cities. Vodacom, Cell C, Neotel, Altech Autopage and many more large companies have offices situated here, and with its growing residential areas this is one of the up and coming areas in South Africa.

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8.1 ha Land available in Olifantsfontein

R 20 000 000

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