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  • Mandate: 34005
  • Added: 28 Sep 2020
  • 133

Property for development 85 Ha on border of Mamelodi

Gauteng, Pretoria
133
Mandate 34005
Added 28 Sep 2020
R 8,500,000* ZAR
Stock: R 0
Assets: R 8,500,000
Jannie van Vuuren
Aldes Focus
Gauteng
Summary

This property unit is ear marked for future housing development by Tshwane municipality. The 85 hectare borders Mamelodi . Huge potential income through development of the property. Next to provincial tar roads with easy access. Bulk services nearby.

SELLING PRICE
R 8,500,000* ZAR
Stock: R0
Assets: R8,500,000
Summary

This property unit is ear marked for future housing development by Tshwane municipality. The 85 hectare borders Mamelodi . Huge potential income through development of the property. Next to provincial tar roads with easy access. Bulk services nearby.

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How long has the business been established?
This properties are currently farming area and in the family for generations.

Fully describe this property and its income earning activities.
The property consists of 4(four) title deeds and are sold as a unit for development . The one portion of the property has 2 ( two) houses with a store on it that can be renovated as part of the development The size of the property for sale is in total 85 hectare . Properties next to this 4 properties is also for sale and can be added to the transaction. Doing this will give the opportunity to develop the property in phases. The property is next to the R 513 that gives easy access to the site and it is on the Northern side of Mamelodi

What is the approximate age of the buildings?
The 2 Farm houses is old with lots of character and needs to be renovated.

What is the zoning of the property and what can be developed thereon?
Currently zoned agricultural. Fully serviced residential stands can be developed, for affordable to luxury housing. This property unit is earmarked according to Tshwane municipalities RSDF Region 5 map For "Future Urban Development". The properties are within the Urban Edge of Tshwane municipality. The next door development has fully serviced residential stands .Bulk services are nearby.

Are there building plans available?
no

What is the erf size and the size of the buildings?
Approximately 85 hectare.

Is a property valuation available?
No

Is the business VAT Registered?
No

How could the profitability of the business be improved?
Yes, township establishment needs to be done for affordable and other type of housing.

Is Seller finance available and for what amount?
No

How could the income of the property be increased?
By developing the property for housing

What is the monthly rates and taxes payable to local authority?
Approximately R2500 pm

What are the main assets of the business?
The property consist of 4( four) separate title deeds with a total of 85 hectare with the 2 houses and outer buildings. There are 3 boreholes and the one fully equip. 3 Phase Eskom electricity.

Are any items not included in the sale?
All loose items on the properties

What is their overall condition?
Fair

Do any require repairing?
The property is sold as is. The two houses and outer buildings needs to be renovated.

How have they been valued ?
Owner valuation compare the a fair market related value for this development opportunity.

Strengths?
This properties are sold as a unit and has tremendous potential for development with a good future return on investment . The Property is at a prime position where it is situated for development and easy to reach with the provincial roads nearby.

Weaknesses?
The township establishment needs to be done that will take time as normal.

Opportunities?
Excellent growth oppertunity

What is the reason for the sale?
The husband died and his wife needs to relocate.

Why is this property a good investment?
This is a property unit with development opportunity within the Municipality Urban edge and earmarked for future Township application and establishment.

What is the asking price?
R 8 500 000

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FRANCHISE DETAILS

Aldes Focus

6 members
62 active mandates
Gauteng
Menlyn Corporate Park - 4th Floor, Suite H2 175 Corobay Avenue Waterkloof Glen Pretoria , Pretoria East , Gauteng
0081

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