Extending over 54HA and comprising a well-designed, 4 phase residential development, the property offers a combination of freehold stands and sectional title units, and includes an allocation for commercial and community areas. The development is situated on Barry Marais Road and Rondebult Road with easy access to the Benoni and Boksburg CBD’s, as well as the N3, N17 and R21 highways.

Building work has commenced, with construction of phases 1 and 2 nearing completion. Construction on phases 3 and 4 has not yet begun, however internal services for phase 3 are in place. Phase 1 comprises 332 freehold and sectional-title units, of which 212 are full- title houses and 120 are sectional-title units.  Phase 2 includes 498 full title units, which are ± 80% complete. Phase 3 includes 682 development opportunities as well as additional land for institutional and business development.  Phase 4 offers 350 proposed development opportunities. The development has been strategically designed to ensure that construction of new houses will not affect existing home owners. The entire site has been fenced with a semi face-brick perimeter wall and the entrance is guarded, ensuring 24 hour access control. At present, a number of units are being rented out at approximately R3, 500 per month.

Comments Michele Antelme of Auction Alliance, “With over 1862 housing opportunities planned, provision made for the creation of a concentration of amenities within the development, including a school, parks and a shopping centre, and most of the infrastructure already in place, this property offers developers and investors an opportunity not to be missed”

The auction takes place at 12pm on Thursday 19 May at the Hilton Hotel, 138 Rivonia Road, Sandton.