Vacant Land for auction in Clayville, Midrand
Web Ref: 1125373
Vacant land for residential development.
Going on Auction: Wednesday 27 October 2021
Reserve Price: P.O.A. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
The property is undeveloped and serviced to the boundary. The current zoning on the property is residential 3 (85 units per Ha). The Town Planner has quoted R180 000 to change the zoning to increase the number of units from 85 to 120. 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
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.