Vacant Erf for auction in Greenwood Park, Durban
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Web Ref: 1287528
Property Features
Residential vacant land. Approved plans to develop 40 units.
Going on Auction: Wednesday 26 February 2025
Reserve Price: R6 000 000.00 (All offers will be reviewed)
Expected Opening Bid: R5 900 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
5511SQM RESIDENTIAL VACANT LAND IN SECURED NEIGHBOURHOOD.
Investors dream! This stunning vacant land has approved building plans to develop 40 units and one undercover parking structure for each unit. This unique opportunity is ideal for student accommodation or rentals.
The plans allow for 1, 2 and 3 bedroom units and a communal pool area. Plans available on request.
Land sold with:
1. Approved municipal Plans
2. Engineers and retaining walls Drawings
3. Rezoning Decision
4. Geotech report
5. Stormwater Management Reports
6. Sketches and 3D models
7. Environmental Authorisation and Site EMPr
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.
Contact the agent
Registered with the PPRA
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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*based on purchase price at Prime over 20 years
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