Vacant Land for auction in Schaap Kraal, Cape Town

R13,000,000
  1. Web Ref: 1079913
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Property Features

ERF Size 28,729 m²

DEVELOPMENT OPPORTUNITY IN FAST DEVELOPING AREA

Going on Auction: Wednesday 26 May 2021
Reserve Price: R15 000 000.00(All offers will be reviewed)
Expected opening bid: R13 000 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Development opportunity with great exposure and accessibility along Jakes Gerwel Drive/Weltevreden Road. Ideal for both mixed or residential use. Currently zoned TR2. Rezoning easily achievable as confirmed by Town Planner. Prelim traffic study and proposal for mixed use completed. Neighbour to almost sold “THE WESTRIDGE” development. Close to all major civic amenities.

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

Location

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*based on purchase price at Prime over 20 years

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