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85,653m² Farm For Sale in Blue Hills

R6,500,000


Monthly Bond Repayment R68,201.64
Calculated over 20 years at 11.25% with no deposit.

Web Ref No RL4210

DEVELOPMENT LAND FOR A STEAL

This 8,5ha vacant land is found in Olivenhoutbosch Farm on the borders of the Cities of Tshwane and Johannesburg. It is located along Jakalasi Street and can be accessed either from Summit Road or R55, turn left and approximately 55m from the Olievenhoutbosch Shopping Centre.

The City of Johannesburg has approved the development of 372 units on the property consisting a total of 124 units @ 106sqm and 248 @ 77sqm. There is wetland measuring 1.6ha on the property and as we may be aware , the presence of wetland serves as a contributory economic driver as crops and other plants are receptable to the feature. It also serves as conserver of water during rainy season and protects soil erosion.

The 3 x buildings on the property are currently rented out to a private school which we consider to be a deterrent to potential vandalim by the neighbouring informal settlement.

Eskom electricity is functional on the land including a borehole and sewerage connection is about 400m from the property.


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Features

Land Size 85,653m²
Pets Allowed Yes
Monthly Rates R3,433.00

Agent Contact Details

Bokaba Maluleka
Principal Property Practitioner
Registered with PPRA
(FFC 202 225 903 1)

Cell 0812389215
Office (087) 1354450
WhatsApp Me
Renee Varejes
Principal Property Practitioner
Registered with PPRA
(FFC 202 221 238 5)

Cell 0827777082
Office (087) 1354450
WhatsApp Me

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