± 9.5 Ha Vacant Land

± 9.5 Ha Vacant Land, The Remainder of Portion 183 of The Farm Gowrie No. 1930, Nottingham Road

Extent: ± 9.5636 Ha | Adjacent to R103

The subject property enjoys prime location adjacent to the R103 Provincial Road. The property lies within the
heart of the commercial node of Nottingham Road. The site begins adjacent to the Forge Agri/Forge Build site
and has frontage extending as far as the intersection with the R103 and the Loteni Road. The northern boundary of the property abuts the Anglican church property which fronts onto Loteni Road. The R103 is the popular Midlands Meander tourist route which showcases arts, crafts and eateries.

Nottingham Road is located approximately 60km north west of Pietermaritzburg, and forms part of the Natal
Midlands which is a traditional farming community that has evolved over the past few years. The area is easily
accessed by both N3 Freeway and the R103 Provincial Road. The Natal Midlands offers the Midlands Meander which is a cultural route which attracts locals and tourists. There are many hotels in the area, including the Nottingham Road Hotel. Most desired amenities are situated within the Nottingham Road village. There are many restaurants in the area and many holiday activities on offer. There are good schooling facilities in the area, including Clifton Preparatory school and Michaelhouse High School which is in the neighbouring suburb of Balgowan.

This property offers an excellent development opportunity with a total extent of ± 9,5636 Ha. The property is located in the commercial heart of Nottingham Road and enjoys prime frontage onto the R103 Provincial Road. A proposal for a residential development, holistic healing centre as well as a commercial and civic office on the property has received approval from the development tribunal. As per the seller access proposals to the site has been accepted by the Department of Transport. As per the Title Deed the property is subject to a general servitude in favour of the Municipality, to permit the erection, laying and maintenance of electric wires and /or water supply piping. There are presently no land claims lodged in respect of the property.

Lease Details
The property will be sold with vacant occupation.

Expenses:
The assessment rates for the year 2018/2019 amounts to R 2 625.00, which equates to a monthly figure of
R 218.75

Vat Status
The Seller is / is not Vat registered

To participate in this physical auction each bidder has to follow the registration procedures.