KIMBERLEY: DEVELOPMENT OPPORTUNITY

R 30,000,000

5 months ago406 views
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General Details
For Sale By:Agency
Description
Nestled between the city of Kimberley and the airport lies this 166 hectare of commercial land. It was previously subject to an option which expired at the end of 2017 in favour of a Solar Farm Company who have recently managed to have rezoning from commercial and residential to solar. This can without doubt be rezoned back to residential and commercial, especially because this Eastern part of the City of Kimberley is in need of residential development.

On the Western and Northern perimeter lies the railway track. The airport is in the South and the military base is located East of it.

Take note of the following:
-Development opportunities of this size and magnitude are rare.
-The city of Kimberley is anxious to allow residential and commercial development in this specific area, with no objection to any meaningful developments.
-Sufficient water is available for a phase 1 and 2 development.
-A sewage plant with the necessary capacity is close by which lowers the cost.
-Eskom is close by and it is believed not to be a problem.
-The topography is mainly flat land with the occasional indigenous thorn tree.
-Rainwater drainage is via a canal, channelling the water away from the property.
-The N8 (Main road between Kimberley (3km away) and Bloemfontein (168km away) runs through the property, as well as the tar roads between the military base and the airport. These two roads are a definite valuable asset to any development.
-A section of the property will be subject to airport regulations where no buildings are allowed within 800 meter of the end of the runway. This is situated at the Southern side of the property with no major impact on any developments.
-Previous land usage rights were:
Single Residential: 77.9912 ha
General Residential: 1.961 ha
Educational (Creches): 0.3245 ha
Educational: 5.0684 ha
Place of Worship: 2.8741 ha
Commercial 1: 14.1887 ha
Public open space: 25.0138 ha
Public Road: 37.7852 ha
-The existing rubble and litter of the property will be cleared by the sellers before date of transfer.
-The adjacent military base personnel are in need of housing close by their work.
-There are no land claims on the property.
-The existing municipality tax is R3,000 per month.

Property Reference #: RL2841

Agent Details:
Jannie Fourie
Agrisell CC
32 Ryneveld Street
Stellenbosch
7600

Id Subtitle 818200007
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Website: http://www.agrisell.co.za
Agrisell CC
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