Property Details

VILLIERS X 9 - TOWNSHIP FOR SALE

The subject property is a proclaimed (Not serviced) township For sale. The property was previously marketed as - River Home Estate - and is developed on a portion of land totalling approx 55 hectares adjacent to the town of Villiers and on the banks of the Vaal river. This was to be developed in 3 Phases on 3 different properties. Department of agricultural only approved the subdivisions of the 1st phase (Villiers x 9) and the other 2 phases were shelved. The phase 1 of Villiers River Home Estate (Villiers x 9) is sold here.

LOCATION:

The estate is adjacent to the town of Villiers – Free State Province – 1 Hour’s drive from JHB - Near the N3 freeway to Durban and very accessible from Gauteng;

ESTATE TYPE & SIZE:

+- 55 hectares of prime Free State Grasslands with +-700m Vaal River frontage developed as a river/eco estate with a home owners association and a planed gatehouse / perimeter security ; There will also be and HOA and architectural guidelines for the estate which each owner will have to adhere to.

ZONING:

30 stands of which - 5 x General Residential Stands (Group Housing) zoned @ 30 units per hectare (limited 150 units in total);

Balance of stands are Special Residential stands (2 000m2 to +- 2ha);

2 x Boat house stands;

CURRENT STATUS:

The property is ready to proceed with the development

Developers obtained final township approval from Townships Board in Bloemfontein and the township was Proclaimed a township register was oped in the deeds office and transferred into the name of developer.

No services was installed and purchaser would need to do the services before stands can be transferred to purchaser; Service agreements were done and services are available - but it needs to be re-negotiated as a number of years have lapsed since agreements were done!

Services to be installed - Water, Electricity, Roads, Sewer for the first 5 stands and then Septic Tanks for the balance - Subject to services agreement with Mafube.

The individual stands are currently listed on the municipal systems and valuation roll.

Concepts were done on the Architecture by and Architect - These are just for reference purposes.

Concept Home Owners Association (HOA) documents were also developed and will be made available to the buyer.

PRICE: 5.5M + Vat

A00002646