Vacant Land / Plot for Sale in North Riding Ah

Property Details

Prime Res 3 zoned development land to build 166 opportunities This 3 Hectare property has been rezoned for high density residential use. Direct access from Aureole avenue. Around 1.4 Hectares has approved zoning for “Residential 3” allowing 166 units in total, and the remaining 1.6 Hectares of the land would be zoned for "Private Open Space" which can be used for a play area/nature reserve/park for the residential estate. For the "Residential 3" portion, the permitted bulk is 40% coverage, 3 storeys, 120 units per Hectare. All ROD/approvals are in place. Detailed reports are available. Bulk contributions have not been paid yet. A purchase can take over the dormant company that holds the land and take advantage of the assessed loss of around R2.6 Million. Effectively, this translates to a discount of R2.6 Million on the purchase price. In addition, buying the company means no transfer duty or conveyancing fees payable by purchaser - a huge saving!. **No joint ventures or land availability agreements** Well-located within North Riding which is a rapidly expanding area and adjacent to Douglasdale and Fourways. The property is located on Aureole Avenue which passes the prestigious Jackal Creek Golf Estate. Offers easy access to the arterial road Northumberland avenue which leads to Fourways and is the extension of Christiaan De wet and Witkoppen roads. The residential development land is also less than 2 km away from to the regional mall Northgate Shopping Centre and the Dome. Major construction of a large-scale retirement development directly opposite Northgate Shopping Centre is almost complete. Furthermore, on the corner of Aureole and Boundary road (less than 1km from this site) a new 14,000 m2 retail centre called Jackal Creek Corner was recently completed by Abland. This centre has various national tenants including Pick n Pay, Meat World, Clicks, Mc Donald’s and Liquor City. **Transfer duty is payable by the Purchaser. Alternatively, the purchaser can take over the holding company as mentioned above**