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R22,400,000 | 14Ha Vacant Land For Sale in Somerset West Rural

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R22,400,000

2 Gustrouw Properties, 2 Mondeor Road, Somerset West Rural, Somerset West

Monthly Bond Repayment R242,750.38
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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14ha Development land opportunity in Somerset West Rural

I have been given the opportunity to present this vacant land to the market which may interest a developer and offers:

1. The zoning is currently RURAL.
2. There are 10 separate titles made up of 8 x 1 ha, 1 x 4,2 ha and 1 x 1,48ha.
3. These properties all fall within the URBAN EDGE.
4. There are no structures on the land.
5. Eskom electricity is available and would have to be applied for.
6. Water is not available and would require boreholes to be dug or alternatively to you can apply for municipal water.

What you can do with a rural zoning which will apply to each of the 10 stands:

1. Build a manor house.
2. You may build a second dwelling which could be for home occupation, guesthouse use or home child care subject to the following:
i. You must choose which option you want as you cannot have them all unless you apply for council approval.
ii. The proprietor of the activity must live on the property.
3. What you can get consent use for is the following:
i. Guest house
ii. Tourist accommodation.
iii. Aquaculture
iv. intensive animal farming.
v. intensive horticulture.
vi. Riding stables
vii. Animal care centre
viii. Farm shop
ix. Agricultural activity
4. Total floor space of all the buildings on the land may not exceed 1,500 square metres and a farm shop may not exceed 100 square metres.
5. Coverage for all buildings on the land may not exceed 40%.
6. Maximum height of a building from base level to wall plate may not exceed 9m and to top of the roof, 11m.

Remember that the above applies to all 10 properties that are being sold as one.

This property is on the current N2 although over time (next 2 years or so) the N2 is moving away and the current N2 (known as the T2) will become a main road. The road noise will be reduced dramatically once that happens.

Call Gary to discuss further.
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-34.12171801408649, 18.88407045449217
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