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Description

27000m2   Prime Vacant land for Development – Eveleigh Boksburg

The land consists out of 2 Properties of respectively 14400m2 and 12600m2. The properties are next to each other and is only available to purchase together.

The 14400m3 property Residential 3 zoning is almost completed. The potential buyer will have to complete the process. This is approved for 30 clusters stands that vary between 342m2 to 407m2. The Soil tests is completed as well water, sewer and stormwater.  The 30 Cluster’s zoning specifications is Residential 1, One dwelling per erf, Height 3 floors and Floor area ratio is 1,2.

The 12600m2 property rezoning to Residential 3 started but is not in an advance state as the 14400m2 site. Site diagrams in place to be approved by Ekurhuleni town council.

The first site as per the town planner must still be gazette and approved before the Residential 3 zoning will be issued.

The council will also allow Residential 4 High density 120 units+ per Hectare, 3 floors (4 floors will also be considered subject to objections) on both stands. As the first stand residential 3 zoning is in an advance state of completion the council recommended that the Res 3 zoning is completed for this site and then convert to Res 4 if required.

The selling price exclude Vat. The seller is Vat registered.

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Details

Updated on July 19, 2021 at 1:35 pm

  • Reference #: 1326807
  • Price: R17,299,000
  • Suburb / Town: Boksburg
  • Property Type: Vacant Land / Stand
  • Stand Size: 27000.0 m²

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