Property description

Don't miss this development opportunity next to Rosslyn

Price: R14 695 000.00 including VAT

Size of land 17 841 m²

A developer can build 138 dwelling units

The development is shovel ready!

• No transfer duty payable by purchaser or developer.

• If you are VAT registered you can claim back 15% VAT as input VAT

• Opportunity cost per unit R92 572.00 plus VAT and including external Bulk Services.

• The developer has to do his own internal Bulk Services

• The property for sale on a cash or cash and bond sale. The purchaser must finalize his/its own development finance for the development.

• The development is already fenced with a double brick wall, 2.2 m high.

The property was in the past levelled and cleared for construction.

A 500 KVA mini substation already constructed at the border of the developer for the 138 units

Certificate in terms of Section 82 of the Town Planning and Townships Ordinance 15 of 1986 have been issued on 05 May 2018.

All external Bulk Services have been paid for.

• Water engineering services R433 242.72

• Sewer engineering services R531 426.98

• Roads & Storm water engineering services R 364 149.49

A developer can build 138 dwelling units. Floor area as per site development plan is 9784.12 m². Average size of a dwelling is 70.9 m²

At the moment the site development plan make provision for 94 x 2 bedroom units and 44 x 3 bedroom units

Township establishment conditions:

? Use Zone – Residential 3

? Density – No more than 138 dwelling units shall be erected on the two erven.

? Height – 2 storeys (10m)

? Floor area Ratio – 0.6

? Open space to be provided in the development is 2 484 m² (18 m² per dwelling unit)

General:

? The developer shall install and provide internal engineering services in the township as provided for the services agreement

? The Local Authority is responsible to install or provide external engineering services for the township as provided for the services agreement

? All parts of the development upon which motor vehicles may move or park shall be provided with a permanent dust-free surface, which surface shall be paved, drained and maintained to the satisfaction of the Municipality.

? Entrances to an exits from the development shall be sited, constructed and maintained to the satisfaction of the Municipality

? No dwelling-units may be sold before the whole development a phase in the development on the property is completed.

? No structures shall be erected prior to the appointment of a professional structural or geotechnical engineer who must design, specify and supervise structural measures for foundations of all structures according the soil classification for each specific zone as described in the geotechnical report produced for this township.

? On completion of the structures, the engineer must certify that all his specifications have been met.

Please call me, WhatsApp or email me for more information about this development opportunity.

On request I can supply you with much more information and bring you in contact with the owner and his professional team.