Extent: ± 1 000 m² | Comprises of telecommunication tower, supporting infrastructure for the tower & a small outbuilding | Zoning: Residential 3 | Communication Tower: The purchaser is compelled to enter into an Occupation & Use Agreement with Swiftnet SOC Limited for an indefinite period at R4,500.00 ex vat per month
This property forms part of the 5th of December 2024 Telkom property portfolio auction sale and offers great potential for redevelopment
Property Highlights:
This property with a site extent of ± 1 000 m² comprises of telecommunication tower, supporting infrastructure for the tower, a small outbuilding comprising a toilet and an old shed that has been demolished halfway. It appears that the demolished part of the shed suffered fire damage. The remainder of the shed has some damage to the asbestos.
The property also offers a large undeveloped piece of land with an extent of ±500 m² located on the southern end of the property.
The property is fully fenced with a combination of mostly steel palisade fencing and a small section of 1.8m high brick wall and wire fencing.
The shed mainly comprises of a combination of asbestos walls and corrugated iron infilling for damaged parts. The floor comprises of smooth concrete. Due to the damage to the asbestos, it is recommended that the building is inspected to ensure the asbestos is still in a safe condition. Municipal services are available on the property, but it cannot be confirmed if they are in working condition.
The property offers the opportunity for further development on the large undeveloped piece of land.
Property Location
This residential property is centrally located in Protea Glen, which is a township in Soweto on the West Rand, Gauteng. It has direct access onto Protea Boulevard and enjoys good access to Wild Chestnut Street (R558). Wild Chestnut Street is one of the main Arterials through Protea Glen and connects Soweto with Roodepoort as well as the N12 highway to the south.The property is located in a mainly residential node known as Protea Glen. It mostly offers residential properties with commercial properties located to the east of Protea Glen. Surrounding suburbs include Doornkop (north), Protea North (east), Lenasia (south) and Glen Ridge (west).
Disclaimer
Please note that when this was published, there was very limited information on the property available. We will update the latest information as soon as we have gathered more details.
