Development Property In Blue Hills Midrand

R 15,000,000

3 months ago150 views
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For Sale By:Agency
Description

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.


The following is a extract from a recent property report:-

"The structural changes in lifestyle choices triggered by the repeated lockdowns, combined with the stable, low interest rates, suggest there will still be areas of robust activity, such as the R700,000 to R1.5 million price band which Lightstone has identified as the price bracket favored by first-time buyers during 2020"

Recent survey done for this area reads as ffl:-

" Our team has run a trial launch on all our social media platforms with regards to the resale units available. We have had an overwhelming response of 135 enquiries. so that we can put together the building package and sale the 131 unit "

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:-

Section 69.

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

Section 70.

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:-

Environmental Authorization

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.


Id Subtitle 876852239
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Roy Hurrienarain
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