Fully describe this property and its income earning activities.
The property is situated in Lanseria , Mogale City , Gauteng . Great potential as it is 8.5 Ha of walled vacant land situated in the Lanseria urban growth node ( GLMP )
What is the approximate age of the buildings?
There are several buildings on the property and are 20 years + old.
What is the zoning of the property and what can be developed thereon?
Currently agricultural, but zoning was started for light industrial
What is the erf size and the size of the buildings?
8,5116 Hectares
What are the main assets of the business?
The land is the main asset which is for sale
Strengths?
The property is situated within the (GLMP) Greater Lanseria Master Plan that is perfect for development.
Opportunities?
The Property needs to be developed and unlock opportunities for job creation and value
Threats?
The risk of squatters are a threat but is managed by the seller.
What is the reason for the sale?
The owner wants to consolidate his business interests.
Why is this property a good investment?
The property needs to be developed to unlock the true value for the developer.
Annual Turnover Amount between R 500 thousand and R 6 million