46 ha Land available in Eye of Africa

R 25 000 000

Angie Richmond

RE/MAX-All Stars Alberton

Beverley Nel

RE/MAX-All Stars Alberton

Charmaine Berndt

RE/MAX-All Stars Alberton

46 ha Land available in Eye of Africa

R 25 000 000

Can I afford this?
Land Area 46 ha

A professional valuers report dated 2009 states the value of the, 46 hectare, property held by the Company at Rand 24 Million.

Access roads were paved and municipal water connections have been installed since that valuation.

THE PROPERTY :

There is opportunity for a mix of upmarket residential and commercial development with plenty of scope to build Hotel, Hospitals, medical centre, shopping mall, a Casino or all of these. Light Industrial Factories for rental would also be possible if accessed from the R550 road frontage.

There are 3 road frontages on Major Roads

Three comprehensive engineering drawings/maps, produced by consulting engineers, covering geology and all other relevant information needed by a developer are available on request.

The Geology is excellent for building construction.

ZONING:

The board of the holding company has deliberately maintained the zoning as agricultural so as to keep Taxes low. As the entire surrounding area is earmarked for development, applications for rezoning are encouraged and speedily processed by the local authority.

INFRASTRUCTURE DEVELOPMENT:

Other Developers and government have already completed most of the infrastructure required to develop this property further.

Roads have been paved. A main water supply Pipe line passes through the property. In addition this property has a right to a water pump station to provide cheap water for use on gardens and golf courses etc. Facilities for passing pipelines and Electric cables under the two public roads are already in place.

ENVIRONMENTAL IMPACT REQUIREMENTS have already been covered by other developers and government agencies. Property falls just outside of environmentally sensitive zones.

This Property can offer a large number of beautiful upmarket sites.

The subject property is located south of Johannesburg and falls within the Midvaal Local Municipality and is zoned agricultural.

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Angie Richmond

Angie

Richmond

Beverley Nel

Beverley

Nel

Charmaine Berndt

Charmaine

Berndt

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Experience Johannesburg South

The Johannesburg South Neighbourhood includes the suburbs of Bassonia, Glenvista, Lenasia, Oakdene, Winchester Hills and Mulbarton. Although the area is being developed fast, Johannesburg South still retains much of its natural beauty. With the endless hills disappearing into the horizon, and many exclusive wildlife estates, one might imagine being in a nature reserve. "The South", as it is most commonly referred to by the locals, is mainly divided into two main parts - the older part on the north side of the N12, and the newer part on the south of the highway. The people of "the South" are family-orientated and active.

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46 ha Land available in Eye of Africa

R 25 000 000

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