| Re -Development Opportunity for Commercial & affordable housing |
Going on Auction: Wednesday 25 September 2024
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)
This prime property is currently zoned agriculture with the potential to be rezoned into a light industrial estate. residential or mixed use. This property borders the N7 where parts of the property was successfully subdivided and rezoned to allow for a petrol station and food outlet. Opportunity exists for Solar Power development / Housing development etc. This property is 40 minutes away from Cape Town and 10 minutes away from Blouberg, 20 mins from Milnerton, 10 mins from popular Burgundy Estate. The Burgundy estate has record sales. The development along the N7 is extremely active. The Zenprop shopping centre is a ten-minute drive from this property which is a strong indication that the development in this area will increase rapidly in the near future.
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.
ERF Size 413.000 ha
Rates R1,231 per month
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Tanya Jovanovski
c. 0799803457
tanya.auctions@rawson.co.za
Ilda Santiago
c. 0847627195
ilda.santiago@rawson.co.za
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