Development for auction in Lanseria, Randburg

Nine hectare Development land on auction 5 km from Lanseria airport

Going on Auction: Wednesday 18 December 2024
Reserve Price: R13 000 000 (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

This 9-hectare development property is perfectly positioned just 5 kilometers from Lanseria Airport, nestled in the serene bush setting of the Cradle of Humankind. Currently, it serves as a peaceful estate, with a variety of buildings and amenities designed to cater to a range of uses, making it a prime investment opportunity for further development.

Property Features:
Cottages & Cabins:

2 x 3-bedroom, 2-bathroom brick cottages
3 x 2-bedroom, 1-bathroom brick cottages
5 x 2-bedroom, 1-bathroom log cabins (currently used for student accommodation)
Main House:

3 bedrooms, 4 bathrooms
Open-plan entertainment area, lounge/TV room
Bachelor flat and 4 storerooms
Splash pool
Amenities:

Thatch lapa
Caterers kitchen
Boma area for outdoor gatherings
Swimming pool
Conference room for corporate events, training, and functions (catering for 60 to 80 people)
Small dam adding to the tranquil environment
Current Use:
Residential: The cottages and log cabins are currently rented out, generating steady income.
Commercial: The conference room is utilized for training, corporate events, and small functions. The property is also used as a venue for hosting functions and gatherings.
Development Potential:
Housing Development: With its expansive land and tranquil setting, the property is ideal for developing more residential homes.
Corporate and Training Facilities: The existing conference rooms and amenities make it an excellent location for a training center, corporate retreat, or venue for conferences and functions.

This property offers a unique opportunity for both residential development and commercial ventures, all within a short distance of the airport, making it an attractive proposition for investors or developers looking to expand in a highly sought-after area.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.