Re -Development Opportunity for Commercial & affordable housing
Going on Auction: Wednesday 22 May 2024
Reserve Price: P.O.A. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
413 Hectare farm with the potential to be rezoned into light industrial estate, residential or mixed use. This property borders the N7. Part of the property was sold to Engen which was successfully rezoned. Property is 5 minutes away from Philadelphia and 10 minutes away from Blouberg.
Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A Reserve Price is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property''s market value, nor the amount the property is likely to be sold for on the day of the auction.
