539 m² Land available in Palm Beach

Excellent development opportunity.

Going on Auction: Wednesday 29 January 2025

Reserve Price: R175 000.00. (All offers will be reviewed)

Expected opening bid: R160 000.00

Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

This property offers an excellent opportunity for development. Featuring a 539 sqm vacant erf with approved plans for a two-bedroom house. The land is situated in a desirable area, just four-minutes drive from, the beautiful nature reserve and only four kilometres from the beach. Making it a prime location for both relaxation and outdoor activities. A 3 x 9 storage room has already been built on the property. Providing ample space for storage while construction is underway. The property also benefits from water and electricity connections, which are already in place. Reducing initial setup costs and streamlining the development process. With its solid foundation of approved plans, utilities, and strategic location, this property presents a fantastic opportunity for someone looking to build their ideal home in a serene and well-contacted area.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A Reserve Price is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the propertys market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.