EXCITING DEVELOPMENT OPPORTUNITY
An excellent development opportunity awaits with this 1.19 ha property in Middelburg, offering previously approved development rights (Approval Lapsed) and engineering plans.
Property Details:
- Erf Size: 1.19 ha
- Zoning: Residential 1
- Previously Approved Development: 64 residential units
- Engineering Plans: Plans for sewerage, water and stormwater services have already been prepared.
- Electrical Services: Electrical services report available.
Development Costs:
Future bulk services contributions will be for the purchaser's/developer's account.
The property is owned by a company whose only asset is this property, with no liabilities. The seller is open to two transaction options:
1. Purchase the property directly.
2. Purchase the company together with the property, potentially offering a simpler transaction structure with no property transfer costs.
The company is not VAT-registered, and no VAT is charged on top of the purchase price, subject to confirmation of the applicable tax treatment.
An exciting opportunity for developers and investors looking to unlock the potential of a well-positioned residential development site in Middelburg.
Property Details:
- Erf Size: 1.19 ha
- Zoning: Residential 1
- Previously Approved Development: 64 residential units
- Engineering Plans: Plans for sewerage, water and stormwater services have already been prepared.
- Electrical Services: Electrical services report available.
Development Costs:
Future bulk services contributions will be for the purchaser's/developer's account.
The property is owned by a company whose only asset is this property, with no liabilities. The seller is open to two transaction options:
1. Purchase the property directly.
2. Purchase the company together with the property, potentially offering a simpler transaction structure with no property transfer costs.
The company is not VAT-registered, and no VAT is charged on top of the purchase price, subject to confirmation of the applicable tax treatment.
An exciting opportunity for developers and investors looking to unlock the potential of a well-positioned residential development site in Middelburg.
Features
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Listing Info
Finance
Total Amount Repayable
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Monthly Repayment
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