R62,000,000

Monthly Bond Repayment R557,830.09
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VACANT LAND FOR SALE IN TANGANANI
The subject property is located along the Knoppieslaagte Road, between the R 511 and R 562 in the Midrand area. The R 511 is an extension of the William Nicol Drive leading from Sandton in the south towards the N14-highway in the north. It falls in the area between the N1-highway and the N14-highway north of Sandton. IMPROVEMENTS The buildings are constructed in single storey plaster painted brick and mortar, with rendered and painted interior finishes incorporating steel and timber framed doors and windows. The roof is a combination between cement tiles and iron sheeting. The floors are carpeted and ceramic tiled to various areas. Site works and other The property is fully walled with 220mm brick wall (average 2,4m high) with electric fencing above. Access is via a manned security gate and tarred access roads. Open parking for approximately 50 vehicles are provided on the southern side of the reception area. The area surrounding the conference/hotel is landscaped and gardened. A water feature adjoining a thatch lapa compliments the surrounding are and garden. LEASES Currently a lease agreement is in place which has been renewed until end January 2012, with a further interest for renewal. The current monthly rental amount is R 75 867.00 (incl. of 14% Vat). ROAD PROPOSALS There are no known road proposals in the immediate vicinity which will affect the value of the subject property. SERVICES Municipal water is available. Eskom power (2 separate power points) is available at the premises and waterborne sewerage is managed by on site French drains. Telkom lines are also connected to the property. ENCROACHMENTS AND SERVITUDES There are no known encroachments over this property. RIGHTS The site plan for application submitted to town council. The necessary reports and studies have been done and the whole area (Tanganani) awaits supply of services. The urban boundary has already been moved and now includes the properties herein described. More Less