The 2.0331 hectare plot has been proposed for a housing development of 35 homes
A prime stretch of land in the historic town of Johannesdal, situated close to Stellenbosch, Franschhoek and Paarl, will be up for auction on June 27.
The 2.0331 hectare plot has been proposed for a housing development of 35 homes, says Tanya Jovanovski, franchisee of Rawson Auctions in the Western Cape.
Situated against a mountain, with views across the Dwarsrivier Valley from Helshoogte down to Boschendal, and located only three minutes’ drive from the Delaire Graff estate, the plot is zoned agricultural, Jovanovski says.
“However, the neighbouring plot has been rezoned and is being developed into a housing estate of between 40 and 68 units. Further down the mountainside, there is another development of about eight houses, priced between R1million and R1.2m each.”
The onus will be on the new owner to rezone the land, but it could then be developed into a small estate or student accommodation, she suggests.
“The land is favoured for a housing project, given the shortage of homes in the area. If divided, the site will allow for about 35 plots of 480m2 each.”
The property will be auctioned at noon on June 27 in Rondebosch. The reserve price is R7.5m, but all offers will be reviewed. The seller is registered for VAT, so no transfer duty will be payable.
For more details, call Karen Petersen on 0834950987 or Tanya Jovanovski on 0824119599.