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Residential property with huge commercial rezoning potential Parys avenue Potchefstroom

Secondhand
Indicative market price: R3,500,000
R3,200,000
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Product information

Condition:
Secondhand
Location:
South Africa
Bathrooms:
2
Property Type:
House
Pool:
1
Bedrooms:
3
Garages:
2
Occupation Type:
Sale
Product code:
31p
Bob Shop ID:
142266011

This section of Parys avenue is next in line for commercial property development following after the very successful Canal crossing development. 

Ideal to procure as part of a site destined for a strip mall development or offices. 

Only 7 properties remaining and re-zoning should be easy given current developments at the adjacent Canalcrossing Mall and as per info provided by town planners.

The stand is 1263 square meters in size and is known as Erf342. The close (dead end of Parys avenue) that provides access to the property can be procured from the city council upon request in a separate transaction as has been the case with the Canalcrossing developers. This would enlarge the size of the stand significantly and increase development potential substantially. 

The adjacent stand has already been rezoned.

The current owner of erf342 can provide testimony that the properties in Parys avenue are highly in demand. A notion that will confirmed by the town planners of Tlokwe city council and other home owners in the street.

Several owners have received offers in the past 60 days but the potential buyer could not secure financing for these properties. Thus all the properties are available again. 

I'm the owner- seller. Absolutely no agents and I'm dealing only directly with developers whom have documentation providing proof of pre-approved financing by the financial institution. 

This property is being marketed at R300 000 below the market value. Buy now and rent until you have completed re-zoning. Rental potential income of at least R 9000 p/m.

contact me for more info or see www.privateproperty.co.za and search by reference number  Z23105 for a VIRTUAL TOUR

price negotiable