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Olifantsfontein – Strategic 8.5HA Development Land with Residence

CONTACT AGENT

Thukela Mdingane
Expert Agent 076 907 7102 thukela@auctioninc.co.za 011 268 2681

CONTACT AGENT - 

Thukela Mdingane | 
Expert Agent

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2018-06-14 11:30 2018-06-14 12:30 Africa/Johannesburg Auction for Olifantsfontein – Strategic 8.5HA Development Land with Residence Auction for Olifantsfontein – Strategic 8.5HA Development Land with Residence happening at 25 Olifantsfontein Road, Glen Austin, Midrand, Gauteng, 25 Olifantsfontein Road, Glen Austin, Midrand, Gauteng, Thukela Mdingane thukela@auctioninc.co.za

Property Details

Property Type: residential

Description

Property Size: 8.5Ha

Abridged Improvement Detail
Income Producing Residential
14 x 1 Bedroom Cottages
Each comprising:
1 Bedroom
1 Bathroom
Kitchen
Lounge

Current Monthly Income R62 700
6 Bachelor flats
Open plan room
Kitchen and room only
Bathroom
Current Monthly Income R12 080
Other Income R6 700
Total Monthly Income R81 480

a. Other Existing Income Producing Facilities:
Sand working business, clean sand delivered by developers in and around the area at no cost. Then
resold to public for profit
Further Improvements:
Single storey residence with warehouses and workshops on 1.6 hectare
3 phase electricity throughout
Loose assets included in the sale are: a truck, loaders and screens.

AMENITIES CLOSEBY
Grand Central Airport 3,9kms
Caltex – Randjiesfontein Corporate Park 2,16kms
Avis – Gautrain – Midrand 4,79kms
Police SAPS – Call Centre – Sage Corporate Park North 2,81kms
The School of Modern Montessori 1,76kms
Glen Austin Village Shopping Centre 1,89kms

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Auction Details

Auction Address: 25 Olifantsfontein Road, Glen Austin Midrand Gauteng

Auction Date: 2018-06-14

Viewing Start Time: 11:30

Auction Start Time: 12:30

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