INVESTMENT OPPORTUNITY - SERVICED TOWNSHIP

For Sale - Fixed

MA1079
Web Reference


HENDRINA EXTENSION 4 DEVELOPMENT

STREET ADDRESS: Corner of North and Oos Street Hendrina

Co-ordinates: -26.147183, 29.722745


Contact numbers 013 752 6924  or  

074 622 3202 

email: engela@vansauctions.co.za


PHASE I

47 RESIDENTIAL STANDS

 

STANDS 771, 773, 774, 777 – 814,  & 816 – 821

ESTIMATED EXTENT 300m² - 350m²


STAND 908 

ZONED INSTITUTIONAL 

ESTIMATED EXTENT: 4 233m²

 

STAND 909 & 910 

ZONED PUBLIC OPEN SPACE 

ESTIMATED EXTENT: 9 434m²

 

***************

 

PHASE II

UNSERVICED STANDS

85 RESIDENTIAL STANDS

 

STANDS 822 – 906

ESTIMATED EXTENT: 300m² - 350m²

 

STAND 907

ZONED BUSINESS 3

ESTIMATED EXTENT: 22 739m²

 

 

IMPROVEMENTS:

The subject property is a greenfield property with no noticeable slope and no improvements. 

The four stands with improvements on and located within the township have been sold and do not form part of this sale.   


LOCATION:

Local authority details:  Steve Tshwete Local Municipality, Mpumalanga

Hendrina is within Mpumalanga region.  Hendrina Extension 4 is located between the main town of Hendrina, Hendrina Extension 1 and the township of Kwazamakuhle. The area is characterized by a high demand for low income and affordable housing accommodation.  This demand is likely to increase when plans for the improvement of the Hendrina Power Station will commence. 


The Hendrina Extension 4 township is located near North Street which is connected to the major N11 national road.  This road links the area to major economic hubs in Emalahleni where a lot of major amenities such as hospitals and shopping malls can be found and Middelburg to the north of the property and is also close to Ermelo. The development of the township’s locality will benefit from the existing transport infrastructure and general amenities in the surrounding suburbs.


KEY INVESTMENT INFORMATION AND TOWN PLANNING: 

The subject property in total cover ±81 031m².  The prospective development will benefit from the existing transport infrastructure and general amenities located in both nodes.


On the 47 serviced stands the bulk infrastructure upgrades have been carried out in such a way that the remaining 85 residential stands and the commercial / institutional stands can be connected to municipal services.  (With regards to Phase I the 47 residential stands a Section 82 certificate has been issued and included)


The Hendrina Extension 4 development was established on Portion 16 (a portion of portion 6) of the Farm Grasfontein 199 IS, see included proclamation.


The prospective developer will enter into a SLA (Service Level Agreement) with the Steve Tshwete Local Municipality.  All rights and obligations set out in this document will transfer to the successful developer/buyer upon registration of transfer.



 

DEVELOPMENT CONDITIONS:


  • The Developer will be held responsible for the rerouting for the existing water and sewer lines that are currently running through portion 16 (the farm portion on which this township was established)


  • The Developer will be held responsible for the payment of the electrical bulk services


  • The Developer will place a sufficient deposit with the Council to cover the following costs:


           -   Rerouting of the existing water and sewer lines that is currently running through portion 16  and electrical bulk services


  • The Developer undertake to service the PHASE II as indicated below with full electrical network, full waterborne sewerage network, full water network and internal tarred roads and stormwater at the costs of the developer to the satisfaction of the different departments of the Council.



PHASE II


85 stands – Zoned Residential – stands 822 – 906


Stand 907 - Zoned Business 3


  • No clearance certificate for Hendrina Extension 4 will be issued by Council to the Developer until such time that the internal services as mentioned above are fully installed and to the satisfaction of the Council.


  • A Section 82 certificate will be issued in respect of PHASE II after completion and once handed over to the Council.


  • The Developer will at its own costs ensure that the internal water, electrical, sewerage, roads and stormwater reticulation networks conform to the specifications of Council and are completed.  An engineering report will be submitted to the electrical department for their approval.


  • The bulk service contributions shall be in terms of Steve Tshwete local Municipality policy and rates.


  • The bulk service contributions for each phase will be paid by the Developer to the Council.


  • The proposed connection point as identified by the municipality is located along North Street.


  • The proposed connection point as identified by the municipality is located along the existing sewer line that transverses Erf 909.


  • The Developer will be liable for payment of municipal services and electricity during the construction period.


  • All services connection costs on the boundary of the property will be paid by the Developer.


  • SERVICES -



WATER:


There is existing main water running through stand 909, which is a supply line to a nearby establishment.  Neighboring properties contain the existing water reticulation infrastructure that could provide a possible connection point.


Confirmation of the water capacity available to support additional development in the area, as well as the possibility of accessing the existing infrastructure for the purposes of establishing a connection point.


Confirmation of water capacity available to support additional development in the area, as well as the possibility accessing the existing infrastructure for the purposes of establishing a connection point should be obtained from Council.



SEWERAGE


There is an existing main water running through stand 909.  It is assumed that the current sewer reticulation pipes running through the property have the capacity to accommodate the additional flow. 


Discussion with the Council indicated that the existing bulk sewer line is to be relocated to a distance of 1.5m from the neighboring property boundary.


ELECTRICITY:


An electricity infrastructure assessment and layout does not exist.  This will be constructed by suitable qualified professional during installation of civil services.



STORM WATER


There may be some storm water infrastructure installations working with existing roads infrastructure.  A topographical map ought to be sought to verify this.  Furthermore the sub-surface storm water drainage will be installed on-site working in conjunction with the road infrastructure acting as natural water collectors.



ACCESS:


Access from Oos Street, which runs parallel to the property is proposed and another entrance is on the intersection of Oos and Noord Street.  The main access road leading to Phase I is in the northern parts of the property.



SERVICE LEVEL AGREEMENT:


The development conditions summarized above ought to be read in conjunction with the SLA (Service Level Agreement).


Various contributions and key performance targets in terms of the SLA ought to be verified directly with the local authority. 


It is advised that the assistance of a suitable qualified professional be sought in the process of establishing the extent to which the SLA has been complied with and what obligations still remain.


CONDITIONS OF SALE:


The potential buyer / developer acknowledges that he has acquainted himself with the nature of this property and the conditions are as follows:


1.  Payment of a 5% deposit payable on signature of the offer;

2.  Payment of 10% commission (Plus VAT) on Commission is payable on signature of the offer;

3.  Guarantees to be delivered within 45days after acceptance of the offer;

4.  The Company is registered for VAT and the payment of VAT will be applicable;


Contact our offices for further information:

Contact details:  013 752 6924  / 074 622 3202  

email:  engela@vansauctions.co.za





Venue Address:

C/O NORTH AND OOS STREET HENDRINA

Property Address:

C/O NORTH AND OOS STREET HENDRINA

Contact Consultant
Engela Kleinhaus
0137526924 Send Email

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