ref # 986

R 1 700 000 (85 213 EUR*)

select a 2nd currency

± 2447 m2

Good opportunity for a developer

Vacant land situated in Gaylee, Blackheath. The land is divided into 10 plots - erf 2824 to erf 2833. Present zoning is Community 1, which allows the following:
(a) primary uses are place of instruction, place of worship, clinic, rooftop base telecommunication station and open space.
(b) Consent uses are institution, hospital, place of assembly, cemetery, freestanding base telecommunication station and urban agriculture.
Rezoning application to SR 1 (single residential) and subdivision into 10 plots was approved 12 years ago, but as the developer at the time did not make use of the opportunity, the zoning and subdivision approval lapsed. A new zoning application to SR 1 and subdivision should not prove to be a great difficulty.

  • The size of the land is 2447m² and each plot is about 245m². The chief surveyor general diagram is available. As the seller is VAT registered, there is no transfer duty payable by the purchaser.
  • When purchasing this property, the following transfer costs are payable:
  • 1) Transfer fee to conveyancer = R 42459
  • 2) Bond registration fee (bond of R1,7m) = R39659.

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