Vacant Land for auction in Schaap Kraal, Cape Town
Web Ref: 1079913
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
Monthly repayments will be calculating…
*based on purchase price at Prime over 20 years
Our goal is to sell your property at the right price and in the shortest possible time.