Development Opportunity – 39 Townhouse Security Estate

BIDDING OPENS AT R6,400,000.

ONLINE AUCTION

Bidding Start Time: Wednesday 31 July 2024 @ 09:00

Bidding End Time: Thursday 1 August 2024 @ 14:30

Registration is essential by Monday 29 July 2024.

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

For more information, please contact the listing agent.

DESCRIPTION:

Earmarked as "LORRINAT VIEWS", this unique development opportunity is located on the hills of Nahoon Valley Park Estate, East London. Currently under construction, this turnkey project is ripe for a seasoned developer to takeover and complete.

Massive upside potential via Pre-sale Plot & Plan opportunities. The current owners are open to an outright acquisition OR JV partnership, depending on which extracts best value for project completion.

PRE- AUCTION OFFERS WELCOMED !!!

GUIDE PRICE R7,000,000 - R10,000,000 (excl Claremart fee & VAT)

Development Opportunity:

• Site Development plans available
• 39 Free-standing Townhouses within a secured gated community
• Ground Floor: Lounge, Dining, Kitchen with Scullery/Laundry room, Guest Bathroom, Outdoor Patio & Landscaping
• Top Floor: 3 Bedrooms with BIC, En-suite Bathroom in Main room, Full family Bathroom (Bath, toilet, basin), Corner Balconies for 2 rooms, Double volume ceilings
• Each Plot has 2 dedicated parking bays
• Avg.unit sizes 165m² -211m²
• Status of project: Consolidation of erven completed, Professional costs paid & Bulk services are in place. Next phase of project is connection of individual plot services.

NOTE: Commercial & Development Financing available. In-House Project Advisory service available. Leasing services available.

Pre-Auction offers Welcome.

Contact Sachin & Rob for more info or OTP.

DETAILS:

• Erf No:  93207, East London
• Erf Size:  12 716m²
• Rates:  TBC
• Zoning:  TBC

Web Ref:  714784

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.

Sachin Boyjoonauth | 068 259 2425 | 021 425 8822 | [email protected]

Rob Stefanutto | 083 556 6861 | 021 425 8822 | [email protected]

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]