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AUCTION

R617 Boston road

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R2,600

PRIME AGRICULTURAL LAND FOR SALE WITH EXCPETIONAL DEVELOPMENT POTENTIAL

NON DISTRESSED AUCTION
BIDDING TO START AT R4 000 000
DATE OF AUCTION : 14 NOVEMBER 2024

This prime agricultural property offers a unique investment opportunity, strategically positioned on the bustling R617 corridor—one of KwaZulu-Natal’s primary routes linking Howick and the Eastern Cape. The property is just 3.6 km from the N3 Highway and 100 km from central Durban, ensuring excellent connectivity and high visibility with over 10,000 vehicles passing by daily.

Property Features:
Versatile Usage Potential:
Currently zoned for agriculture, the property is exempt from the Agricultural Land Act of 1970, making it ideal for a range of commercial developments, including B&B expansion, warehouses, or distribution centres.

Business Development Opportunity:
Situated within the uMngeni Municipal Spatial Development Framework (SDF), the council has indicated a straightforward rezoning process (estimated at 6-8 months) to facilitate future commercial or industrial projects.

Existing Infrastructure: The farm hosts a well-established B&B and is equipped with reliable utility services:
• Water Supply: Domestic and garden irrigation water provided by uMgungundlovu District Municipality. Additionally, two boreholes deliver approximately 10,000 Liters over a 12-hour period, ensuring backup water security.
• Electricity: Connected to Eskom Power, with a robust 100 KVA 3-Phase power supply.
Ideal Topography: The land is predominantly level to gently sloping with a westerly aspect, making it suitable for construction and development.

Strategic Frontage:
The property’s northern boundary extends approximately 300 meters along the R617, designated as a Primary Corridor within the uMngeni Municipal SDF—a critical mobility corridor connecting Gauteng to the Eastern Cape.

Investment Highlights:
With its prime location, substantial road frontage, and easy access to major routes, this property presents an excellent opportunity for investors looking to develop a high-traffic commercial hub or capitalise on the existing B&B business. Take advantage of the region's growing economic potential and position your development at the heart of a vital transport corridor.
Contact us today to explore this rare opportunity to acquire a property with immense development potential and strategic significance!

All offers encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at the auction. Online bidding and streaming available. Regular show houses to be held. Auction info available on request.
The Seller has chosen to make use of our internationally proven Luxury Non-Distressed Auction Platform For Serious Sellers

- No Buyer’s Commission
- Full Finance Options Available
- Offers Accepted prior to Auction Day
- All property reports available on request
- The seller has a Non-Disclosed Reserve Price

* Opening bid on auction day will be R4,000,000
* Registration required with ID proof.
* Bidding in South African Rand.
* Highest bidder commits to purchase.
* Purchaser not liable for property arrears.
* Auction with Reserve; seller can reject bids below reserve.
* Purchaser pays purchase price and transfer costs.
* Property is sold subject to confirmation by the seller.
* Compliant with Consumer Protection Act.

Features

27
27
Pets Allowed
Yes
Interior
Bedrooms
27
Bathrooms
27
Kitchens
10
Reception Rooms
13
Studies
2
Exterior
Carports / Parkings
16
Security
Yes
Flatlet
7
Domestic Accommodation
3
Pool
Yes
Sizes
Floor Size
2,145m²
Land Size
41Ha

Howick Rural, Howick

Introduction Howick is an attractive town located at the centre of KwaZulu-Natal that is well known for its beautiful scenery, historical sites, and vibrant community. Howick is frequently referred to as "The jewel of Midlands," because it provides a balance between rural serenity and modern convenience to both residents and tourists. Whether you prefer a quiet lifestyle, outdoor adventures or cultural...
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Disclaimer: While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

42,657.19

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