Vacant Land for auction in Clayville, Midrand

R5,000,000
  1. Web Ref: 1051291
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Property Features

ERF Size 1.160 ha

Vacant land for residential development

Going on Auction: Wednesday 08 July 2020 at 12 Noon
Reserve Price: R12 million (All offers will be reviewed)
Expected opening bid: R5 000 000.00
(10% Commission plus VAT over and above bid amount)

The property is undeveloped and serviced to the boundary. The current zoning on the property is residential 3 (85 units per Ha). The land is 1.0162ha, and is well located and bordered by existing developments, with easy access to the N1, R21, R562, Olifantsfontein and Old Pretoria Road.

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

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