R7,500,000.00
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R100,000.00

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Auction Ends In

Ending On: September 5, 2022 4:29 am (UTC+02:00)

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INDUSTRIAL PARK JBV

Auction History

User Bid Date Auto
Auction is relisted. August 6, 2022 4:29 am

Started On August 6, 2022 4:29 am (UTC+02:00)

Description

30,000sqm Business Park Potential Smallholding with substantial buildings on prime Land in Joostenbergvlakte Kraaifontein Cape Town with extensive N1 frontage. It is adjacent to a 30 ha Industrial / Business Park in the final process of rezoning. Existing buildings include a large house, cottage, office buildings, stables and 90 kennels built with bricks and mortar which can easily be converted to substantial  additional accommodation, offices or a store. This is all located on rolling green lawns with a perennial water stream and a beautiful dam perfect for a Business Park. The property also offers enormous capital growth potential. The guide price of R15m equates to some R500 per sqm where zoned land across the N1 in Kraaifontein Industria sells for R2000 plus per sqm, if you can get any. It means that this Property will potentially be worth R60m after rezoning. Waarburg street is earmarked for a major upgrade which will provide fast track access from the Stellenbosh road whilst Lucullus road is to become a dual carriageway going all the way to Fisantekraal to become the new gateway to the North. This area is therefore on the brink of explosive growth and this parcel of Business Park Potential Land is an Excellent Investment.