The property is located next to the residential neighbourhood of Alra Park in Nigel.
The Business / Retail site is located on the intersection of the R51 Balfour Road and the R550.
The proposed development consists of:
- 596 Full Title Residential Stand (approximately 200 square meters each)
- 1 Sectional Title Stand (approximately 80 units)
- 1 Business Stand (1.9Ha), can be used as retail
The development consists of 7 phases and is structured in such a way that the option is available to convert a portion of the development to sectional title rental units should there be a need for social housing units.
All bulk services are available as per the signed services agreement.
Other reports such as: the Feasibility Study, Geotech Report, Conditions of Establishment, etc. will be made available to serious buyers.
Features & Amenities
- Residential Development
- Retail Site
- Commercial Development
- Sectional Title
- Business Site
Selling Price:R20,000,000 excluding VAT
@On Business Brokers is registered with the Estate Agency Affairs Board (EAAB)
All businesses and Commercial Estate have been thoroughly evaluated and packaged. In interest of protecting the clients Intellectual property, a site visit and meeting with the seller will only be authorized once its clear the buyer has the financial capability to afford the purchase.