Residential Property Development Opportunity on 37,034 square meter Land Area

A. Size of Land Area:
• Large 37,034 square meter Land Area comprising of 4 stands adjacent to one another.
• The Consolidation of the 4 stands was submitted to the Ventersdorp Local Municipality and approved in 2007. However, to date the stands were not developed and the approval process may require re-engagement with the Ventersdorp Local Municipality and a new approval process.
B. Existing Houses on Land Area:
• House 1 = Original farmhouse, currently rented out and generating a rental income.
• House 2 = Show House built to showcase how a newly built houses will look once the development commences. Currently rented out and generating a rental income.
C. Stands Sub-Division Potential and Sizes:
• The Land Area has the potential to be sub-divided into 65 stands.
• The sizes of the individual stands can range between 403 to 480 square meters.
• The 2007 approved general plan for sub-division of the property by the Ventersdorp Local Municipality is available but may require re-engagement with the Municipality and a new approval process, as well as registration in the Deeds Office.
• The 2006 City Council Meeting Resolution relating to the property is available, but a new City Council Meeting Resolution may be required.
D. Municipal Services:
• A 2006 City Council Meeting Resolution is available but may require a new up-to-date City Council Meeting Resolution. However, according to the 2006 City Council Meeting Resolution, the following:
• The City Council will provide Bulk Maintenance up to the Land Area.
• The Developer will be responsible for Bulk Electricity and Storm Water.
• The Developer will be responsible for Water to each of the potential 65 stands.
• The Developer will be responsible for the Building and Maintenance of the Roads in the Development Area.
E. Geo Technical and Environmental Studies and Approvals:
• The Developer will be responsible for the cost of all the required Geo Technical and Environmental Studies and Approvals.
• The Developer must adhere to all the required Geo Technical and Environmental rules, regulations, and specifications.
F. Building Plans and Site Development Plans:
• Buildings Plans and Site Development Plan are available but may need to be re-submitted to the City Council for approval.
G. Zoning:
• Residential 2 Zoning was approved by City Council in 2007 but the status quo of such must be verified with the City Council and may require a new approval process.
H. Location:
• The Land Area is located in a residential suburb of Ventersdorp and within walking distance from the CBD (Central Business District), taxi rank, shops, offices, and businesses.
• The Land Area is easily accessible from several main and other roads in Ventersdorp.
I. Ventersdorp - Rapid Population Growth and Housing Shortage:
• Ventersdorp is a dynamically expanding town with a rapidly growing population.
• Ventersdorp has a shortage of residential stands and houses to accommodate the ever-increasing need for housing.
• What and excellent opportunity to tap into a market that is in desperate need of a Developer to address the shortage of housing and accommodation.
Contact #teamvangass Properties today to discuss this opportunity.