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Vacant land for sale in Cosmo Business Park
R 3,986,000
Can I afford this?
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2 years ago349 views
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General Details
Location:
For Sale By:Agency
Description
The property is made up of 2 erfs measuring 3,986sqm and 4,110sqm respectively, they can be consolidated / notarially tied together as one stand. . These vacant patches of land have been zoned industrial 1 and are proclaimed with direct Eskom Power Supply in this park, & that the park has its own power station at the main entrance. Allowable Build Coverage: 60% of the Total Erf Size. Allowable FAR : 0.6
The Seller has designed plans drawn up by a professional architect for various possible building sizes for this site. The Seller can also develop on these stands for a possible tenant as a full turn-key solution.
The Seller / Developer is able to develop the following sizes for possible tenants:
Mini Units of around 400sqm-500sqm:
4 x 1,000sqm Units
3x 1,500sqm Units
2 x 2,000sqm Units
2,500sqm Unit
3,000sqm Unit
Up to 1 x 4,858sqm Building (Warehouse with Offices)
Selling Price for both stands: R6,882,450.00 plus VAT [R850/sqm Plus VAT]
Selling price for stand 19 (4,110sqm): R4,110,000
Selling price for stand 18 (3,986sqm): R3,986,000
The selling price is negotiable.
Property Reference #: SW3986C
Agent Details:
Sheldon Whitehead
API Property Group
API House, First floor, 85 Wessel Road, Rivonia
The Seller has designed plans drawn up by a professional architect for various possible building sizes for this site. The Seller can also develop on these stands for a possible tenant as a full turn-key solution.
The Seller / Developer is able to develop the following sizes for possible tenants:
Mini Units of around 400sqm-500sqm:
4 x 1,000sqm Units
3x 1,500sqm Units
2 x 2,000sqm Units
2,500sqm Unit
3,000sqm Unit
Up to 1 x 4,858sqm Building (Warehouse with Offices)
Selling Price for both stands: R6,882,450.00 plus VAT [R850/sqm Plus VAT]
Selling price for stand 19 (4,110sqm): R4,110,000
Selling price for stand 18 (3,986sqm): R3,986,000
The selling price is negotiable.
Property Reference #: SW3986C
Agent Details:
Sheldon Whitehead
API Property Group
API House, First floor, 85 Wessel Road, Rivonia
Id Subtitle 937944225
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Estimated monthly repaymentR 43,197
Total property loan amountR 3,986,000
Total interestR 6,381,176
Total repaymentR 10,367,176
Interest rate at 11.75% for 20 years *
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API Property Group
Selling for 6+ years
Total Ads2.75K
Active Ads2.75K
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The site is zoned “Residential 1” in terms of the COJ Land Use Scheme, 2018. The size of the vacant stand is 3 869 m². In terms of the Nodal Review Policy 2020 of the City of Johannesburg, the site is earmarked for densities of 20 – 30 dwelling units per hectare. This relates to a total of 7 – 11 dwelling units on this site. Should the provision of electricity in the area be problematic, only the exiting capacity can be utilized for the proposed development. This will have an impact on the total number of units that can be developed. The input of an electrical engineer will be required. Application will be required for rezoning to “Residential 2”. Should individual stands (separate title / cluster) be preferred then an application for subdivision must be submitted to COJ, including an application for a section 34(6) certificate (clearance certificate). Minimum erf sizes of 500m² are allowed in terms of the Council policy. However, it must note that erf sizes in the area measure not less than 1500m². Should subdivision be considered then it will be advisable that an in-principal support be solicited from the City Council of Johannesburg. Should a Sectional Title Development be preferred, only the rezoning application will be required and the services of a Land Surveyor and Attorney to open a Sectional Title register. Architect is available to assist. Offers from R2.000.000. Please call the agent for more information and or a personal viewing.Rates And Taxes: 6828Property Reference #: ENT0241394Agent Details:Frans RabieKW Advance1 Pauline Street, Constantia Kloof, Roodepoort, Gauteng, 1709
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Stand with excellent surroundings and a North facing view site.
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