Vacant Land for auction in Pacaltsdorp, George

PROPOSED DEVELOPMENT OF 18 VACANT ERFS SOLD AS ONE LOT

Going on Auction: Wednesday 28 May 2025
Reserve Price: R5 000 000.00. (All offers will be reviewed)
Expected Opening Bid: R4 500 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

18 vacant erfs with a total land size of 4084m2 available for residential development. Permitted primary use is for dwelling houses, and permitted secondary uses include guest house, creche and a house shop that complies with the current zoning parameters. The development site enjoys access and exposure from both Back Street and Beukes Street. Some of the stands has limited improvements such as unfinished foundations but for the purpose of the development it is offered as unimproved vacant stands. Basic municipal services are available. Recently valued at R6.8m by a leading valuations & asset solutions firm. OTP: Subject to the property being registered in the name of Holbiz PTY Ltd.

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.