Residential Development Property, Portion 363 of Farm Olivenhout Poort No 196 Northriding, Johannesburg, Gauteng
This property with an extent of 6.193 HA currently used as a lifestyle property is well located to all major arterial roads, as well as close to the recently refurbished Northgate Shopping Centre, the We Buy Cars Dome and a 28 Minute drive to Lanseria International Airport.
Northriding, Gauteng
The precinct has experienced enormous Growth within the greater area and bear testament with the recently completed Jackal Creek Corner convenience centre. This upmarket centre and the next door Jackal Creek Golf Estate as well as Schools and Colleges are all within walking distance to the site. What also makes this an exciting potential development opportunity is that the 4 adjacent site owners, whose sites are similar in size being approx. 6HA’s each have expressed interest to sell. The one corner site on Aureole Ave, has already re-zoned their site for a Place of Worship, and can be incorporated within the scheme, that now totals approx. 30HA’s!!! These properties represent the last “green lung” remaining in this area with only the odd smaller sites available. The City of Johannesburg has recently expressed the willingness to consider a 15 unit/ha development which might be relaxed further depending on the development scheme.
All bidders must register and submit their bids here:- https://in2assets.auctionapp.io/
