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R12,000,000 | 3.49Ha Vacant Land For Sale in Blue Hills AH



Monthly Bond Repayment R130,044.84
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Commercial Site For Development In Midrand For Sale

Property Reference Nr: DP2452(6)

Property Description:

The subject property is located within the most Northern extent of the city of Johannesburg Municipal Area, bordering the most Southern area of City of Tshwane Metropolitan Municipality Area. This development site is rectangular in shape and is on the Southeastern corner of the intersection of Main Road (R55/K71) and African View Drive in the Blue Hills Area.

Prominent urban areas within a regional context include Centurion, Olievenhoutbosch, Rua Vista, Thatchfield, Diepsloot, Rooihuiskraal to the North, Blue Valley Golf Estate (±500m to boundary), Randjesfontein and Noordwyk to the East, Kyalami Park, Lone Hill and Witpoort to the South of Diepsloot and Dainfern to the West of the subject property.

Main routes in the area include Main Road (R55/K71) bordering the Western Boundary, the N1 Freeway to the East, the N14 Freeway to the North and Summit Road to the South. The area within which the subject property is located can be regarded as a fast-growing area, with many township developments in process. Due to the development of Midrand Corridor and the employment opportunities associated therewith, pressure has been placed on the area for residential development and by implication, also the developing of supporting amenities/land uses.

The property comprises of an irregular shaped vacant stand with access from African View Road via the R55. The elevation of the property is level with a slight slope to the North. The soil conditions are suitable for development as no erosion or settlement caused by unsuitable soil conditions was identified on buildings on the neighboring properties.

The stand will be serviced to the boundary as part of the Township Proclamation. There are no improvements on site and the property is not subject to any flood lines. The site will be sold on proclamation of the Township, known as Blue Hills Ext 85

Application was made in terms of the provisions of Section 96 of the Town Planning and Townships Ordinance, 1986 (Ordinance 15 of 1986) for the establishment of a township to be known as “Blue Hills Extension 85”, on part of Portion 43 of the farm Blue Hills, 397JR.

The City of Johannesburg Metropolitan Municipality fomally approved the application for township establishment on 20 July 2017 in terms of the provisions of Section 98(1) of the Town Planning and Townships Ordinance, 1986 (Ordinance 15 of 1986), subject to the conditions contained in the approval letter and township layout plan.

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"Price is just an indication. 10% Deposit payable on offered amount. Information provided as received from Seller. Neither the Agent nor the Seller warrants or guarantees the correctness of any information provided whatsoever. T & C’s apply. Please send ID and proof of residence with offer."
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