Vacant Land for auction in High Gate, Blue Downs
Web Ref: 1126264
10.8929 HA VACANT LAND
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 the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
10.8929 HA VACANT LAND IN BLUE DOWNS Vacant land close to Kuils River and although the site is situated fairly close to the Kuils River, it is not affected by the river’s flood line. Confirmation has been obtained from consulting engineers. A development layout proposal has been lodged with City of Cape Town but has lapsed. This layout can be resubmitted for approval or a new layout can be submitted. Subdivisional Area Overlay Zone for residential development layout can be submitted and no rezoning is required an official letter from DEADP has been obtained confirming that the proposed development of the site does not trigger any form of environmental application (EIA). A Notice of Intention to Develop (NID) application would be required. Full documentation for development application for the property is available with sale. The site is in close proximity to two Primary School and a High School. Two police stations and a shopping centre as well as a Care Cross facility makes it an ideal opportunity for development.
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.
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.