Development opportunity in Rosslyn on offer

Posted On Tuesday, 22 June 2010 02:00 Published by eProp Commercial Property News
Rate this item
(0 votes)

An exciting opportunity in Rosslyn, Pretoria, is set to come under the Auction Alliance hammer on 14 July at the Sandton Southern Sun Hotel on Grayston Drive in Johannesburg

John HislopSituated on the R566, at the intersection of the Hornsnek Road, the property is made up of two sites – portion 8 of the Strydfontein Farm, and the remaining extent of portion 4 of the Klipfontein Farm, which together forms 117,1359 hectares of land for development. This site offers the potential of developing 1 184 residential units, as well as 11,2 hectares of business or school developments for the astute investor.
 
The property has service agreements in place for all bulk services, including power. Strategically placed to service the Rosslyn industrial area, the property is perfectly situated en-suite to various chief road and rail links. The Rosslyn area provides huge employment in the area, with BMW, Nissan, Ford/Mazda, TATA, the Marula Light Industrial Park and Medunsa all being large employers in the area. 
 
It is well documented that there is a serious shortage of affordable housing in the area. The site is set to be auctioned together with the plans for development. “This property is a rare opportunity and presents investors with a not-to-be-missed development opportunity,” comments John Hislop of Auction Alliance.

This prime property will be going up for auction at Auction Alliances Multiple Commercial Auction to be held on 14 July at the Grayston Drive Southern Sun Hotel, Sandton, at 12h00.
 
For more information please contact John Hislop on This email address is being protected from spambots. You need JavaScript enabled to view it. or on 083 265 6867.

Last modified on Tuesday, 10 June 2014 13:25

Most Popular

Kommetjie master plan development on the cards

Jul 11, 2020
Cape_Farm_1529_Preferred_Layout
A new mixed use development is being planned near the landmark Imhoff Farm in Kommetjie,…

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
Diane_Radley
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Will the repo rate hold or fall? Experts divided

Jul 13, 2020
South African Reserve Bank
Experts are divided on whether the South Africa Reserve Bank (SARB) Monetary Policy…

Commercial Rental Market Survey sees declining market activity and rising vacancy rates in Q2 2020

Jul 10, 2020
John_Loos_fnb
In this report, we discuss the 2nd quarter 2020 results of the rental market component of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Please publish modules in offcanvas position.