Commercial - Land for Sale in Savanna City

Description

IN PARTNERSHIP WITH OLD MUTUAL ALTERNATIVE INVESTMENTS Accepting Offers. DESCRIPTION: Savanna City is a large, mixed-use development in Gauteng, South Africa, offering numerous housing opportunities, including residential and commercial properties. It's located in the Midvaal region, a strategic area within Gauteng, and is intended to be a comprehensive residential community. Savanna City is a Provincial priority project, aiming to provide housing and employment opportunities for the local population. With more than 18,000 housing opportunities, including bonded units, FLISP-supported homes, and fully subsidised BNG houses, Savanna City combines affordability, infrastructure, and lifestyle—just 30 minutes south of Johannesburg. At present, Savanna City Extensions 1 and 4 are fully serviced, Extensions Proper and 3 partially serviced while the remaining and proposed Extensions 2, 5, 6, 7, 8, 9 and 10 are not serviced. The serviced stands make up about 1.57% of the total extent and include 1 x Residential 3 zoned site, 3 x Commercial/Business zoned sites, and 13 Institutional zoned sites. The un-serviced land comprises one large parcel that is registered as Portion 144 of the Farm Doornkuil No.369 IQ, as well as a part of Extension Proper and Extension 3. The farm portion together with the latter extensions are proposed for mixed-uses consisting of Residential 1 and 3, Business, Special, Educational and Institutional zoned stands. The northern extensions of the suburb are designated for formalized residential housing that is sold in the open market, where as the southern extensions are apportioned for low-cost government subsidized housing. This area caters for first-time buyers which generally consist of young families that are young professionals employed in the Johannesburg area as white-collar workers. Vacant land in Savanna City is sold to developer in pockets, with no stand sold to end-users as vacant. Location Overview: Position: East of Orange Farm, North of Ironsyde, in Walkerville, Midvaal Access Routes: R82 Highway, N1 (with upgraded off-ramp near Grasmere Toll Plaza) Proximity: • Johannesburg CBD: 28 Mins • Mall of the South: 28 mins • Walkerville: 8 mins • Vereeniging: 32 mins • Soweto: 26 mins High Density Residential Opportunities: Property details: • Erf Number: Erf 1219 Timbuktu Street, Savanna City | Erf size: 16,487m² • Erf Number: Erf 1220 Kisiwani Street, Savanna City | Erf size: 17,851m² • Erf Number: 1470 Haddou Street, Savanna City | Erf size: 17,806m² • Erf Number: 4557 Central Boulevard, Savanna City | Erf size: 115,539m² • Erf Number: 4558 Elsa Street, Savanna City | Erf size: 44,776m² • Erf Number: 4887 Sami Street, Savanna City | Erf size: 33,012m² • Erf Number: 11335, Savanna City Ext 7 | Erf size: 26,759m² • Erf Number: Re of Erf 3 Themeda Street, Savanna City | Erf size: 41,393m² • Erf Number: 8643, Savanna City | Erf size: ±34,400m² (to be registered) • Erf Number: 1259, Savanna City | Erf size: ±13,400m² (to be registered) • Erf Number: 13886, Savanna City | Erf size: ±6,300m² (to be registered) Residential Zoning Conditions: • Use Zone: Residential 3 • Height: 4 Storeys • Coverage: 60% • Floor Area Ratio: 2.4 • Density: 100 units per hectare • Special Conditions: Site specific Commercial Opportunities: Property details: • Erf Number: 316 Medina Street, Savanna City | Erf size: 81,170m² • Erf Number: 6275 Nyayo Street, Savanna City | Erf size: 102,988m² • Erf Number: Portion 1 of Erf 14868 Timber Road, Savanna City | Erf size: 36,051m² • Erf Number: Portion 14 of Erf 14868 Timber Road, Savanna City | Erf size: 6,092m² • Erf Number: 4559 Central Boulevard, Savanna City Ext 3 | Erf size: 138,396m² • Erf Number: 13078, Savanna City | Erf Number: ±2,150m² (to be registered) Commercial Zoning Conditions: • Use Zone: Business 1 • Height: 3 Storeys • Coverage: 60% • Floor Area Ratio: 0.6 • Density: 6 bays per 100m² of retail area and 4 bays per 100m² of office areas • Special Conditions: Site specific DISCLAIMER: The information supplied in this catalogue does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. The information supplied herein cannot be regarded as a substitute for any inspections or warranties that prospective purchasers may wish to obtain prior to purchasing at a sale in respect of a property or properties concerned and purchasers must conduct their own investigations prior to purchasing. REGISTRATION TERMS: No Nominations Will Be Accepted!! i.e. Your Bidders card will reflect the name in which the property will be registered. All relevant documentation will be required for registering on behalf of a person/entity as follows: PERSON: • Copy of your ID & your Spouse’s ID (if married in community of property) • Proof of residence not older than 3 months • Letter of authority from spouse (if married in community of property) • Tax Clearance Certificate for both yourself and spouse (if married in community of property) COMPANY: • Company Registration documents • Resolution signed by all Shareholders authorising bidder • Copy of all Shareholders/Directors ID • Proof of Company Address - not older than 3 months • Company Tax Clearance Certificate • Income Tax and VAT Number • Auditors Letter TRUST: • Trust Registration documents • Resolutions signed by all Trustees authorising Bidder • Copy of all Trustee’s IDs • Proof of Trust Address not older than 3 months • Trust Tax Clearance Certificate All relevant documentation will be required for registering on behalf of a Non-Profit organisation as follows: • Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate) • Section 21 company registration documents • Resolution signed by all directors/office bearers authorising bidder • Copy of director’s/office bearers ID’s • Proof of organisation’s address not older than 3 months • Organisation’s Tax clearance certificate/Public Benefit Organisation certificate (PBO Certificate) PLEASE NOTE: All Resolutions must be completed correctly or they will NOT be accepted. They must AUTHORIZE the bidder to BID ON BEHALF OF as well as SIGN ANY AND ALL DOCUMENTATION REQUIRED to pass transfer.