Commercial - Land on Auction in Oakglen

Description

ONLINE AUCTION Bidding Start Time: Wednesday 29 April 2026 @ 09:00 Bidding End Time: Thursday 30 April 2026 @ 14:30 Registration is essential by Monday 27 April 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Calling All Investors Or Developers. OPTION 1: • Erf 8217 as a whole which measures 2 253m² and includes the dwelling together with the 6 subdivided erven, which has been approved, but must still be registered. Registration will take place simultaneously on registration of transfer. • It comprises a large 5-bedroom house • Possible to subdivide the plot where the house is, into 4 additional plots. • There is an approved SDP with potential for 4 more erven. • If rezoned to GR4, then it's possible to do at least 30 apartments • Approved subdivision for 6 plots, still to be registered. OPTION 2: • 6 Erven only, without the portion of land and the dwelling thereon, approved for subdivision, but to be registered simultaneously on transfer. • Perfect for a plot and plan development project. Homes could sell for R2million (Plus) . • Other option to max subdivision into 10 plots and build A & B of 20 duplex townhouses . Gated community development opportunity. Perfect for student accommodation as this is near UWC. DETAILS: • Erf no: 8217, Bellville • Erf size: 2253m² • Zoning: Single Residential 1 PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.