AUCT-002506 | On Auction

Potential Development Sites

Palm Avenue, off the R24, Waterkloof, Rustenburg, Bojanala Platinum District Municipality, North West

Potential Development Sites. Palm Avenue, off the R24, Waterkloof, Rustenburg, North West

Combined Extent: ± 18,9773 Ha | 2 Portions | Well located in mixed use area | Potential development site | ± 2,7 km from Waterfall Mall


This property is strategically positioned south of the Rustenburg CBD offering both convenience and accessibility. Just a short drive south from Rustenburg along the R24, the property provides easy access to essential amenities, schools, and hospitals. It is approximately 6km (as the crow flies) from Rustenburg, where larger retail centres, medical facilities, and business services are available, and about 60 km northwest from Krugersdorp, connecting it to the Gauteng province and additional commercial opportunities.

The two portions cater for a combined total extent of ±19 hectares and are located in a mixed-use area which provides endless possibilities. The portions are predominantly vacant land with a very small section improved with 4 rondavels along the eastern boundary of the property. It is assumed that both municipal water and electricity is readily available to the property. Topsoil is temporarily being stored on the property by the northern neighbour but will be removed in the future.

The properties are held under two separate title deeds, offering opportunities for phased expansion or diversified land use. There is scope and demand for future development, including residential housing projects, given the fact that 3 different residentials developments have recently been developed to the north, east and south of the property while fronting onto the R24 generally utilised for commercial purposes. Situated south and northeast from the subject property are two private schools. At present the perimeter is not fenced.

With its established municipal infrastructure, and development potential, this property presents a unique opportunity for investors, agricultural enterprises, or those seeking a balanced rural lifestyle with business viability.

Farm Type:
Agricultural Farm
Web Reference:
AUCT-002506
List price:
POA
Address:
Palm Avenue, off the R24, Waterkloof, Rustenburg, Bojanala Platinum District Municipality, North West
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
22 May 2025 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 22 May 2025 11:00:00am


Tom Hodgson
                                                         In2assets Representative

Property Agent


Tom Hodgson
Show number
thodgson@in2assets.com


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