0 Bed Vacant Land for Sale Craighall Park Randburg

EXCLUSIVE MANDATE - A wonderful opportunity to secure a substantial 1,123 sqm pan-handle stand in sought-after Craighall Park. Elevated and privately positioned, the stand enjoys gorgeous sunset views each and every day, providing an exceptional setting for a future home or development.

This is an excellent opportunity for a private buyer, investor or developer looking to secure a sizeable piece of land in a highly desirable and established suburb.

Importantly, the property has already been successfully subdivided from the original property, has its own approved Surveyor-General (SG) diagram, and is officially registered with its own title deed.

PLEASE NOTE:

• This property is best suited to a buyer, investor or developer working with a longer-term timeline of approximately 12 months before breaking ground.

• Although the stand is already registered, the final municipal Regulation 38 / SPLUMA compliance certificate remains pending, subject to the completion of specific municipal conditions. As building plans cannot be approved by Council until this certificate has been issued, the property has been competitively priced to attract a buyer who is comfortable accommodating the standard municipal process and associated timeline.

• Ideal for Investors & Developers

• The property presents an excellent opportunity for someone wanting to land-bank for the future, design and build a dream home without immediate time pressure, or explore the development of multiple units. Much of the heavy lifting associated with the initial subdivision and SG registration has already been completed.

• To assist the purchaser in making productive use of the municipal waiting period, the seller is open to granting Power of Attorney upon a successful sale, enabling the purchaser's architects to proceed with drafting and submitting plans to Council while the outstanding municipal conditions are being finalised.

• The seller will fulfil all outstanding municipal conditions (such as paying bulk infrastructure contributions or installing separate water/electricity meters) before lodgement.

• Potential Price Negotiation: The owner is open to a discounted or competitive price should the buyer accept liability for the costs and logistics of obtaining the Regulation 38 certificate. This entails the buyer hiring the town planner, deals with the municipal engineering departments, and manages the contractors to install the services (like water or sewer lines). The buyer pays for all outstanding bulk infrastructure contributions, connection fees, and engineering certificates out of their own pocket. The purchase price remains locked in the attorney's trust account as a guarantee and is only paid out to the seller on the day the property registers at the Deeds Office. To prevent property transactions from freezing, the municipality will often agree to issue the Regulation 38 certificate early if financial guarantees are provided, The buyer’s bank or conveyancer issues a formal, legal letter (a guarantee) to the municipality that enough funds are held to finish these services.

• Rates approximately R6,500 per month (assuming a municipal valuation of R2,000,000) as vacant land attracts a much higher rates tariff than an improved residential property.

That's quite significant because vacant land attracts a much higher rates tariff than an improved residential property.

Secure this prime piece of Craighall Park real estate now at excellent value, use the coming months to perfect your architectural designs and development plans, and be ready to break ground once the final municipal clearances have been issued.