5,000m² Vacant Land For Sale in Ravenswood
PRIME 21-UNIT RESIDENTIAL DEVELOPMENT OPPORTUNITY – RAVENSWOOD, BOKSBURG
A prime residential development opportunity in sought-after Ravenswood, Boksburg, offering development potential for 21 sectional-title residential units.
The project is well advanced, with bulk contributions for all 21 units already paid and the municipal process substantially progressed. This presents an opportunity to acquire a project where significant groundwork has already been completed.
SECTION 82 & ENGINEERING
The only outstanding requirement for the Section 82 certificate is the completion and submission of the required engineering designs. The property cannot transfer without the Section 82 certificate, therefore the engineering design costs will be for the purchaser's account.
The engineering submission includes internal stormwater, sewer, water, roads and levels, bulk earthworks, stormwater management, final access design and the required rational design for the new culvert and stormwater connection.
The culvert still needs to be constructed, but the actual civil works do not need to be undertaken at this stage in order to complete the Section 82 process.
Access will be via a paved entrance from Ravenswood Road with a left-in, left-out configuration.
KEY BENEFITS
* 21-unit residential development potential
* Bulk contributions already paid for all 21 units
* Section 82 process substantially advanced
* Engineering design is the main outstanding requirement
* Paved left-in, left-out entrance from Ravenswood Road
* Prime Ravenswood/Beyers Park location
* Excellent opportunity for a developer or investor
PRICE: R1,000,000 EXCLUDING VAT
Detailed development, municipal and engineering documentation will be made available to the purchaser during the due diligence period.
A prime residential development opportunity in sought-after Ravenswood, Boksburg, offering development potential for 21 sectional-title residential units.
The project is well advanced, with bulk contributions for all 21 units already paid and the municipal process substantially progressed. This presents an opportunity to acquire a project where significant groundwork has already been completed.
SECTION 82 & ENGINEERING
The only outstanding requirement for the Section 82 certificate is the completion and submission of the required engineering designs. The property cannot transfer without the Section 82 certificate, therefore the engineering design costs will be for the purchaser's account.
The engineering submission includes internal stormwater, sewer, water, roads and levels, bulk earthworks, stormwater management, final access design and the required rational design for the new culvert and stormwater connection.
The culvert still needs to be constructed, but the actual civil works do not need to be undertaken at this stage in order to complete the Section 82 process.
Access will be via a paved entrance from Ravenswood Road with a left-in, left-out configuration.
KEY BENEFITS
* 21-unit residential development potential
* Bulk contributions already paid for all 21 units
* Section 82 process substantially advanced
* Engineering design is the main outstanding requirement
* Paved left-in, left-out entrance from Ravenswood Road
* Prime Ravenswood/Beyers Park location
* Excellent opportunity for a developer or investor
PRICE: R1,000,000 EXCLUDING VAT
Detailed development, municipal and engineering documentation will be made available to the purchaser during the due diligence period.
Features
Sizes
Listing Info
Print
Dennis Creigh-Smith
Qualified Property Practitioner
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
