AUCTION ON 8.5Ha FARM Close to COEGA IDZ going on auction 15 May 2025
Bidding to start from R1.250mil!!! Online "non-distressed" live auction!
Attention: Developers, Business Owners and investors!
This auction is an opportunity to secure this undeveloped farm exceptionally well-positioned located between the R335 and R334. The R334 going to Uitenhage and the R335 going to Coega Harbour. Access this property from the R335 going to Coega. This 8.5 hectares farm is perfectly situated for development and has endless potential. Currently zoned for Agriculture. However, rezoning is only an application away. This property is situated approximately 9km from Coega Harbour and IDZ.
Other than the industrial potential this property has to offer, this farm also presents an opportunity for residential development. Its close proximity to Motherwell and Coega Industrial Zone make it an attractive option for residential development and housing. With the fast expansion of Coega IDZ, both industrial and residential development of this farm will be an exceptional investment.
The location is especially ideal for a storage depot to service Coega or warehousing and this property will provide you with the ideal solution.
Unlimited opportunities await, and I look forward to introducing you to this incredible tract of real estate and discussing the possibilities with you.
All offers are encouraged, and you have the option to submit an offer at any time before the auction to secure this exceptional property – whether it's through a loan or cash purchase.
Online Auction Date: 15 May 2025
The Seller has chosen to make use of Harcourts Auctions' Non-Distressed Auction Platform For Serious Sellers - No Buyers Premium - seller to pay the commission - Full Finance Options Available - Offers Accepted prior to Auction Day - All property reports, available on request - Seller to arrange compliance certificates and rates clearance certificate for buyer - The seller has a Non-Disclosed Reserve Price * Opening bid on auction day will be R1,250,000 * 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 only pays purchase price and transfer costs. * Property is sold subject to confirmation by the seller. * Compliant with Consumer Protection Act.
With unspoiled beaches, rolling sand dunes and warm Indian Ocean, is Gqeberha (Port Elizabeth), boasting all the traditional big-city amenities at a price significantly more affordable than other metropolitans in South Africa. Home buyers are attracted, not only by the great value our housing market offers, but also the array of fine schools, beautiful beaches, moderate climate, strong family values and fantastic...
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Market value
AUCTION
Offers from
R1,250,000
Offers for this listing must be made in R1,000 increments. More Info
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
