AFFORDABLE RESIDENTIAL DEVELOPMENT OPPORTUNITY
updated on Jul 19, 2024
R 14 691 250

WEB REF: 712467

Property Summary
  • Selling Price R 14 691 250
  • Property Type Vacant Land
  • Erf Size 17841 m2


Description

• No transfer duty payable by purchaser or developer. • If you are VAT registered you can claim back the VAT portion as input VAT • Opportunity cost per unit R92 572.00 including VAT and including Bulk Services. • The developer has to do his own internal Bulk Services • The boundary wall of this development is already constructed • The property for sale on a cash or cash and bond sale. The developer must finalize his/its own development finance for the development. 1. substation already constructed for the 138 units bordering the property. The development is already fenced with a double brick wall, 2.2 m high. A 500 KVA mini substation Certificate in terms of Section 82 of the Town Planning and Townships Ordinance 15 of 1986 have been issued on 05 May 2018. All external Bulk Services have been paid for in 2017. • Water engineering services R433 242.72 • Sewer engineering services R531 426.98 • Roads & Storm water engineering services R 364 149.49. The land is proclaimed thus all costs for bulk services are fixed. A developer can build 138 dwelling units. Floor area as per site development plan is Floor area Ratio – 0.6 2. Open space to be provided in the development is 2 484 m² (18 m² per dwelling unit) 9784.12 m². Average size of a dwelling is 70.9 m² At the moment the site development plan make provision for 94 x 2 bedroom units and 44 x 3 bedroom units Township establishment conditions: 3. Use Zone – Residential 3 4. Density – No more than 138 dwelling units shall be erected on the two erven. 5. Height – 2 storeys (10m) 6. The property was in the past levelled and cleared for construction. Price includes VAT

Additional Features
      Property Address

      The Orchards, Akasia, Gauteng

      Contact Agent(s)

      eMail Agent(s)