New Listing

Development for auction in Pacaltsdorp, George

R2,500,000
  1. Web Ref: 1006956

Property Features

ERF Size 3,394 m²

Development Opportunity

Going on Auction: Wednesday 31 July 2019 at 12 Noon
Reserve Price: P.O.A. (All offers will be reviewed)
(10% Commission plus VAT over and above bid amount)

In the process of being approved for a proposed Development opportunity zoned GR4 for 45 units. Currently a 3394m2 plot. Each unit is proposed for a 2 bedroom flat of 45m2. Estimate resale of units is between R550 000 & R595 000. Resale value once complete is estimated to be between R24 million & R26 million.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A "Reserve Price" is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property's market value, nor the amount the property is likely to be sold for on the day of the auction.

Location

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