Approved Development For 180 Apartments – Student Accommodation Or Residential

Bidding opens at R6,000,000

ONLINE AUCTION

Bidding Start Time: Wednesday 24 April 2024 @ 09:00

Bidding End Time: Thursday 25 April 2024 @ 14:30

Registration is essential by Monday 22 April 2024.

Pre-Auction Offers may be considered. Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

These types of opportunities do not come around often. This sizable vacant stand has approved SITE DEVELOPMENT PLANS for 180 opportunities.

There is a massive shortage of student accommodation in the Western Cape. This site has approved plans for student accommodation.

• 15 Minutes / 7.8km to the University of the Western Cape and 16 minutes / 8.1 km to Cape Peninsula University of Technology.
• The site is also located in the high-demand area of Highbury, Kuils River.
• Affordable housing will be ideal for this site.
• Zoning:  GR2
• Erf extent:  7127m²

Further information on request.

Pre-auction offers may be considered.

DETAILS:

• Erf no:  24022, Kuils River
• Erf size:  7127m²
• Rates:  TBC
• Zoning:  TBC

Web Ref:  708909

VAT Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Shameer Isaacs | 081 759 8302 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]