R20,700,000

Vacant Land Residential for sale in Zuurfontein

Stands Approved: 450

Height Restriction: 2 Stories

Nearby House Selling Price: R600k to R1.2Million

Many options available on contact

Project Development Quotations available

1.Background

A unique development opportunity has come up in Vanderbijlpark.

The opportunity entail the development of 4 adjacent, rezoned agricultural holdings Totalling approximately 35 hectares in extent, being :

All the required town planning approval letters (properties 1-3) are available for inspection, consisting of EIA approvals, Geotechnical reports, municipal services reports, latest report and fees for the installation of services (on portion 53) SLA reports, etc

2. Property Overview

The properties are located to the west of Vanderbijlpark, adjacent to the existing suburb of Bonanne and Bophelong township.

The properties fall within the jurisdiction of the Emfuleni local municipality which is part of the sedibeng district municipality.

Emfuleni is a largely urbanized municipality, with high population concentrations and density compared to other municipalities making up the Sedibeng district.

The towns of Parys, Sasolburg, Vereeniging, Meyerton and Vanderbijlpark (and its various suburbs like Sebokeng, Boipatong, Bophelong, Sharpville, Zamdela etc) are all within easy reach of the proposed development and residents can easily commute to all these towns.

Bearing in mind the population statistics of these towns, (in excess of one million )the potential market is extremely high. The above mentioned areas have an acute shortage of affordable housing in line with the whole country, and more specifically with reference to the industrialized nature of the area, accommodation for single people, government – and municipal employees and the crucial shortage of student accommodation.(as confirmed by the president in his sona speech)

The above makes this development a very marketable product and reduces risks to an acceptable level.

Most important is that the development is mostly within close reach of various amenities like creches, primary – and secondary schools, churches of all denominations, clinic- and hospital facilities, industrial industries, the Vanderbijlpark cbd, and the major Vaal mall shopping centre.

3. The Project

There exist a target market which is sufficient in terms of the population and the affordability profile of the population should be adequate as this is a highly industrial and mixed income area.

Furthermore, the demographics of the area is also conducive to a trouble free and successful project completion.

4.The different stands (4)

4.1. Portion 54

This portion and portion 55 goes hand in hand and all professional work was executed on both stands simultaneously.

- an amount of 296 houses (stands approved) can be build on the combined area of 17.1306 hectares

The current average residential site size is 339.2 square meter

Height restrictions : 2 storeys

The land is flat and undeveloped.

4.2. Portion 55

This portion and portion 54 goes hand in hand and all professional work was executed on both stands simultaneously.

- an amount of 296 houses (stands approved) can be build on the combined area of 17.1306 hectares

The current average residential site size is 339.2 square meter

Height restrictions : 2 storeys

The land is flat and undeveloped.

4.3. Portion 53

- the layout plan currently provides for 147 residential erven – a minimum of 250 square meters each.

- provision is made for one business - 1 erf at access - 8100 square meters.The stand can also be used for 60 additional units

– rights in place. This erf was set aside because Bophelong to the north of the site has in excess of 11 000 formal homes and no formal business centre.

- 1.7 hectares is set aside for future road widening - land to local council for their roads will be subtracted from capital contributions payable.

4.4 portion 31

(known as remaining portion of portion 31 of the farm Zuurfontein 591 registration division iq Gauteng province)

This property is immediately adjacent to portions 53 and 54 (north of 54 and to the east of 53)

It is partially rezoned into 4 portions. (see drawing : a-d)

1.One portion to the south .The owner wanted to build a guest house, for private use (+-18300 square meters) (portion d)

2.The second portion has been zoned for a church or school facility (+- 10 000 square meters)(portion a)

3.The third portion has not been rezoned for any particular purpose (portion b)(+-13 000 square meters)

4. The fourth portion has not been rezoned for any particular purpose (portion c)+ 23250 square meters)

Nearby House Selling Price: R600k to R1.2Million

Property Type
Vacant Land Residential
Stand Size
356,530m²
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Vanderbijlpark forms part of what is known as the Vaal Triangle with neighbouring towns, Vereeniging and Sasolburg.
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vacant land residential listed on 20 Aug 2020