1 ha Land available in Montana Park

R 15 500 000

Ja Kotze

Owner

1 ha Land available in Montana Park

R 15 500 000

Address: 234 montana street
Land Area 1 ha Rates R 4000

1 Hectare Development Land in Montana:

This valuable property in Sefako Makgatho Drive across the well known Zambezi Country Estate is ideally located and classified by the City of Tshwane as “mixed use” to develop from motor retail/office space to high rise residential development.

The property is currently zoned as agricultural and the Purchaser will have to apply for “Town Establishment” with the necessary services associated with it.

The Town Planning Scheme of the properties on the eastern boundary has already been approved and the development is imminent.

A new off ramp (Avocet Street) from Sefako Makgatho Drive has been approved and construction will commence in the near future. As per the diagram, the new off ramp will give very easy access from Sefako Makgatho Drive into Veda & Montana Road through the already approved development properties.

The Seller will consider an “Installment Sale Agreement” on the following conditions:

• Purchase Price: R15 500 000-00

• Deposit: R 3 000 000-00

• 2nd Payment in 60 days: R 7 000 000-00

• Balance: R 5 500 000-00 (31 December 2023)

• Interest on balance: Negotiable

The benefits will be as follows:

• The transaction will be notarized at the Deeds office before commencing payments as set by the Alienation of Land Act 68/81;

• The Purchaser can purchase the property by ALA at the current value and it would make for an even better proposition at the end of the term;

• The Purchaser will only take occupation on transfer of the property and not later that 31 December 2023;

• The Seller will appoint a professional team to start with the application for a Township Development at own cost.

NO agents commission applicable!

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Ja Kotze
Owner
For sale by owner

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1 ha Land available in Montana Park

R 15 500 000

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Ja Kotze
Owner
For sale by owner

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