Development Property In Blue Hills Midrand
Developers this is the Perfect Development Property for Housing that is in Demand Currently because of its situation. The seller will consider a Joint Venture with a reliable black business. Kindly contact the agent for more information.
Development property size 8.5 ha in Blue Hills, Midrand, Gauteng. Close to Blue Hills College and Blue Hills Shopping Center.
Easy access to Centurion, Midrand Central, Pretoria and Sandton. . The Property has easy access to N1, N14, R 511 and R55.
The selling price excludes Vat and is negotiable. Vat Not Transfer Duty Payable on this property.
4.5 Ha Rezoned to Residential 1 is as FFL:-
73 stands of app 200 sqm each. Buildings of 78 to 150 sqm to be erected on each stand. app total selling price R 69 m
58 stands of app 200 sqm each. Buildings of 78 to 150 sqm to be erected on each stand. app total selling price R 55 m
Note that this rezoning has expired & will need to be renewed.
The zoning can be changed to RES. 3
These are economical homes that are in great demand & may qualify for government subsidy especially for first time buyers. The units can be sold off plan. Note that the Roads and all bulk Infrastructure still needs to be installed.
The above sections are fenced.
The balance of 4 ha is still zoned farm & could be rezoned to residential 3.
The selling price quoted for the units are approximate. The Developer will need to do own Due Diligence.
The following requirements for the development has been attended to by the seller:-
Traffic Impact Study
Road Upgrade Key Plan
Urban Development Framework
Internal Water Reticulation Layout
External Water Reticulation Layout
Roads & Storm water Drainage Layout
Notarial Deed of Sewer Servitude
General Arrangement of External Sewer Outfall Layout
Registration of Homeowners Association NPC
Full Geotechnical Report
Note that some of the above may have expired & need renewal.