LOT NOT SOLD
CLOSING BID
Development Opportunity
Bidding opens at R3,800,000
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:
This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Grassy Park, this corner site can be found with the perfect zoning for your redevelopment aspirations. Currently consisting of 2 dwellings and garage, a total erf size of 1026m².
Located between 4th and 5th Avenue within walking distance of both Grassdale High school and Lotus River Primary. Surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within close proximity to transport routes for both taxis and buses for those who require access to public transport.
Development Opportunity:
- Approved plans available
- 18 Apartments over 3 Floors
- Each unit will be 2 bedrooms with BIC, 1 bath (shower, toilet, basin), open plan kitchen & lounge
- Ground floor units to have private yards, 2nd & 3rd floor units to have Juliette balconies
- Provisions for security office with ablution, storeroom, refuse room, and solar panels on roof
- 20 Parking bays
- Proposed Floor area 875m²
- Bulk: 947m²
- Avg.unit sqm: 40-47m², private yards 16m² each
Current Property Features:
- 102m² Current building extent
- Free-standing house
- 4 Bedrooms
- 2 Bathrooms
- 4 Car parking space
- Garage - currently used as 2 flatlets
- Nutec structure
- Massive enclosed yard
- Panoramic mountain Views
Pre-Auction offers Welcome.
Contact Sachin for more info or OTP.
DETAILS:
- Erf no: 3583, Grassy Park
- Erf size: 1026m²
- Rates: TBC
- Zoning: General Residential 2
Web Ref: 707912
Transfer Duty 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.
Sachin Boyjoonauth | 068 259 2425 | 021 425 8822 | [email protected]
| Bidder No | Bidder | Time | Amount |
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| Document Type | Document Name | Description | Download Document |
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| Please register to view documents. |