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Development Opportunity - REDUCED PRICE
updated on Apr 08, 2024

WEB REF: 707912

Property Summary
  • Selling Price POA
  • Property Type House
  • Erf Size 1026.0000 m2

  • Beds 4
  • Baths 2
  • Garages 1
  • Parking Bays 4

Bidding opens at R4 500 000 ONLINE AUCTION Bidding Start Time: Wednesday 24 April 2024 @ 09:00 Bidding End Time: Thursday 25 April 2024 @ 14:30 Registration is essential by Monday 22 April 2024. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: This is the goldmine you've been searching for! Situated in the most convenient and central pocket of Grassy Park, this corner site can be found with the perfect zoning for your redevelopment aspirations. Currently consisting of 2 dwellings and garages, a total erf size of 1026m². Located between 4th and 5th Avenue within walking distance of both Grassdale High School and Lotus River Primary. Surrounded by plenty of retail shops and food outlets to choose from, as well as religious places of worship. Within proximity to transport routes for both taxis and buses for those who require access to public transport. Development Opportunity: • Approved plans available • 18 Apartments over 3 Floors • Each unit will be 2 bedrooms with BIC, 1 bath (shower, toilet, basin), open plan kitchen & lounge • Ground floor units to have private yards, 2nd & 3rd floor units to have Juliette balconies • Provisions for security office with ablution, storeroom, refuse room, and solar panels on roof • 20 Parking bays • Proposed Floor area 875m² • Bulk: 947m² • Avg.unit sqm: 40-47m², private yards 16m² each Current Property Features: • 102m² Current building extent • Free-standing house • 4 Bedrooms • 2 Bathrooms • 4 Car parking space • Garage - currently used as 2 flatlets • Nutec structure • Massive enclosed yard • Panoramic mountain Views Pre-Auction offers Welcome. Contact Sachin for more info or OTP. DETAILS: • Erf no: 3583 • Erf size: 1026m² 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.

Additional Features
      Property Address

      4 Kleinsmidt Street Grassy Park Cape Town

      Contact Agent(s)

      eMail Agent(s)