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PARTIALLY COMPLETED RESIDENTIAL DEVELOPMENT OF 282 FLATS IN SOWETO DEVELOPMENT PROPERTY AUCTION IN PRETORIA, GAUTENG AUCTIONED BY VANS AUCTIONEERS (GAUTENG)

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PRETORIA - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

PARTIALLY COMPLETED RESIDENTIAL DEVELOPMENT OF 282 FLATS IN SOWETO

DESCRIPTION:

PARTIALLY COMPLETED RESIDENTIAL DEVELOPMENT OF 282 FLATS IN SOWETO

FEATURES:

CLOSING DATE: WEDNESDAY, 25 NOVEMBER 2020 AT 12:00


TENDERS TO BE HANDED IN AND OPENED AT: THE OFFICES OF VAN’S AUCTIONEERS, 36 GEMSBOK STREET, KOEDOESPOORT INDUSTRIAL, PRETORIA

Partially completed development in Protea Glen

Residential development: Kgorong Estate, Erf 25268 (Previously Erf 6623) Protea Glen x 1, Wild Chestnut Str (14 Canle Wood Str), Soweto GPS: 26°16'20.56"S 27°49'16.06"E

Extent: 5,4021 ha

Zoning: Residential development

Initial approved site development plan information:

Actual:

Planned development: 282 x 2 bedroom flats on two levels with 292 parking bays over 2 phases.

Density: Permissable 80 units p/ha, 60% coverage.

Unit sizes: ± 53-54 m²

Total floor area: ± 19 800m² (phase 1: 10 500 m² phase 2: 9 300 m²

Phase 1: 150 units partially built

Phase 2: Proposed 132 units

Additional site plan and building plans: Approved 2014/1/15

Total blocks 29; 324 x 2 bedroom flats on two levels, parking 283

Unit sizes: ± 55-56 m² plus 3m² for balcony

Permissible: 449 units, 80 units p/ha , four storeys, 60% coverage and 0.5 parking bays per dwelling unit.

Location: Kgorong Estate is well placed on Wild Chestnut Street which is on the Rea Via bus route and Wild Chestnut also connnects to Protea Boulevard which leads directly to Protea Glen mall which is on the R558 just 1,5 km from the Estate, as well as Protea Point Shopping Centre just 2km away. The estate is close to various schools, a library, a clinic, police station and more.

OPPORTUNITY TO COMPLETE THIS PRIME DEVELOPMENT!


 
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