Prime location earmarked for Residential Development

This location of 6.9 ha is situated in an upper-class, well-developed area in the northern suburbs. The land is earmarked for residential development, although the new owner will have to do the re-zoning. However, the land sells at an excellent price of R937 450.00 /ha.

Other than this fantastic development opportunity, there is a modern building located on the southern border of the land offering generous office accommodation and a walk-in safe. There is also a studio with its own entrance which can be let out separately. In addition, there are 22 secured, covered parking areas plus two storerooms and a third room which serves as a fireproof archive. A fourth room is currently used as staff quarters.

There is a generator which is sufficient for the whole building - although it is not included in the price, but can be negotiated separately. The same applies to items of furniture, e.g. a conference table and chairs seating 12, with 6 additional chairs.

The current owner is willing to rent part of the office space at a negotiated term, or will vacate at the time agreed with the new owner. Either way, the office building can generate an income until re-zoning has taken place or until ready for the development phase.

The price is exclusive of VAT and is best suited for sale to a going concern, thereby resulting in a zero rate of tax.