The 10,2784 ha property is located in Nooitgedacht, Mogale, near the Nooitgedacht School on the R114
and consists of the shopping center with garage, take-away, supermarket, bottle-store.
The business center is ideally situated along the R114 between Malibongwe Drive and Beyers Naude Drive. The businesses benefit from highway frontage on N14 as well as road frontage on the R114 in close proximity to both Lanseria International Airport and Cosmo City.
The property falls in the Mogale City district and also falls within the proposed Lanseria Aerotropolis expansion zone and the N14 Development Corridor that has been identified at both local and provincial level as a major development node and has been earmarked for High Density Residential Development.
The garage and bottle store:
The garage and bottle store is the Seller’s own business and it is been selling as a running concern, financial statements is available for buyers who has already been approved by a financial institution, or if it’s cash, proof of the funds must be provide.
The other shops:
All the other shops has been rented out, except the bottom shop, because it is in the process of being renovated for a tyre business.
The whole 10,2784 ha has business rights., and the remaining ± 9,5ha is still open land which can be used for expanding the business
R50,650,000.00 VAT INCLUDED (which the VAT can be claimed from SARS)
Potential of buying this property:
Your income from the rent of these businesses can pay your bond payment. VAT can be claimed from SARS, and you still have ± 9 ha to expand either your business or farming. Keep in mind that the R114 carriers a lot of traffic to and from Muldersdrift.
Mogale City Ext. 10 (29-38) of the Farm Nooitgedacht 534 JQ has also
Primary Rights Approved:
High Density Residential.
(Up to 110 units per hectare.)
THIS AREA IS NEXT TO THIS PROPERTY WHICH IS ALSO IN THE MARKET
THE NEW GAUTRAIN TRACK WHICH ALSO HAS BEEN APPROVED AND IS IN THE VACINITY OF ± 3KM FROM THE PROPERTY