Property features

R11 000 000

Property Details

Extension 45: A developed piece of land needs an astute investor to build FLISP / GAP or IRDP units. The property is located in prime location in Vosloorus, Boksburg. Size of the property is 14,562 hectares. Most development rights, including up to conditional township establishment approvals have been obtained. There is a quarry on the property which still needs geotechnical phase 2 investigation. This is a condition for the final establishment approval. Conditional Site Development Plan approval is for 1 584 units of different typologies ranging from Bachelors, one, to two bedrooms. Such properties with approved development rights are hard to find in these challenging economic times. The owner is looking for R11 million from interested buyers.