Huge Development Opportunity

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 29 January 2025 @ 09:00

Bidding End Time: Thursday 30 January 2025 @ 14:30

Registration is essential by Monday 27 January 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

• Over 8 hectares of development land bordering residential nodes - with letter confirming the farms being earmarked for future urban development.
• Proposed SDP for Option 1-278 single residential erven or Option 2- for 459 apartments & 153 Single Residential erven.
• Farms located ±100 metres from lake and river.
• House on portion 23 - currently generating R 60,000 per annum.

Pre-auction offer welcome!

DETAILS:

• Erf no (extent):  438-26,  Ladywood Estate (42825m²)
• Erf no (extent):  438-23,  Ladywood Estate (42825m²)
• Rates:  TBC
• Zoning:  Farm

Web Ref:  729458

Transfer Duty Applicable

Payment Terms:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]