PRIME DEVELOPMENT OPPORTUNITYPARTIALLY IMPROVED AGRICULTURAL LAND EARMARKED

FOR HIGH DENSITY RESIDENTIAL DEVELOPMENTINCLUDING SECTIONAL TITLE AND CLUSTER COMPLEXES 

A PRIME INVESTMENT

EXTENT OF LAND: 6,7774 Hectare www.parkvillage.co.za

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PROPERTY INFORMATION

www.parkvillage.co.za

AMA FOODS (PTY) LIMITED (IN LIQUIDATION)MASTER’S REFERENCE NUMBER G218/07

Portion 13 (Remaining Extent)of the Farm “RIETVALLEY” Number 180 IQ,

District of the Mogale City Local Municipality Krugersdorp, Gauteng

1. REGISTERED OWNER:AMA FOODS (PTY) LIMITED

2.TITLE DEED NUMBER:T118833/2003

3.DESCRIPTION:Currently unimproved Agricultural Land which has been earmarked for high density residential development.

4.SURFACE COVER:Wild grass, bush, weeds and trees.

5.SOIL CONDITIONS:Pickable with sub-surface stone NOTE: Not tested

6.TOPOGRAPHY:Slightly sloped from the roadside and it appears that the general soil conditions are good.

7.ZONING:Agricultural Leading Property Developers such as Daycor Project Management, Group Five and WBHO have indicated that high density Property Developments such as Sectional Title and Cluster Complexes have been under discussion over the past few months.All indications are that Town Planning have already earmarked this area to be proclaimed.

8. GENERAL REMARKS:

8.1CURRENT MARKET CONDITIONS:Interest rates have increased by 2 percentage points over the past few months which will have a negative influence on the property market in general.

8.2LOCALITY:The subject Land lies adjacent to the current Development Belt on Hendrik Potgieter Road and more towards the North Eastern Extension thereof.

8.3GENERAL:Once Development in this part of Hendrik Potgieter Extension has started, the values of Land will escalate to above average, as was proven alongside the rest of Hendrik Potgieter Road over the past few years.

9.SERVICES:The entire Portion of Land is NOT serviced with any electricity, water or sewer facilities.An Eskom Rural Supply Line runs on the back boundary of the property.

10.BOUNDARY:The entire property is bounded by way of cattle fencing approximately 1,2 metres in height.

11.SERVITUDE:A Servitude Road, namely De Villiers Road, divides the property in two (2) sections.

12.EXTENT OF LAND:6,7774 Hectare

PROPERTY INFORMATION

www.parkvillage.co.za

ALTHOUGH CARE HAS BEEN TAKEN INTO ASSEMBLING INFORMATION, PARK VILLAGE AUCTIONS CANNOT BE HELD RESPONSIBLE FOR ANY OMMISSIONS ON BEHALF OF THE SELLER

Hendrik Potgieter Street