Lanseria Farm

ME 12B, Pelindaba Rd, Lanseria, 1748 Web Reference: PROP2743
R28,000,000
  • Property size 354400 sqm
  • Property size 0 Garage
  • Property size 0 Bed
  • Property size 0 Bath
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Occupation Date: December 3, 2016


Summary:

This property is comprised of two neighbouring portions of farm land, totaling 35.44 Hectares of prime development land, earmarked for commercial and light-industrial zoning.
Located in the North-West of Johannesburg, in close proximity to Lanseria Airport, with visibility and access from the R512 freight corridor, this land package is well-positioned to benefit from the Regional Development Framework’s urban expansion plan and the formation of the Lanseria area Precinct, formed in response to growing demand for commercial sites in the area.

Property Details:

Location:
The property is situated within the Northern reaches of the Western sub-region of Gauteng, in Lanseria, along the R512, approximately 3 kms North of the N14 Krugersdorp highway, immediately South-West of Lanseria Airport, in the emerging Lanseria area Precinct.

According to Joburg City’s Regional Development Framework (RDF) this area is earmarked for commercial development associated with the airport.

This forms part of a broader urban expansion strategy, which includes the recent road upgrade of the R512 to create a freight corridor road K29, the planned PWV3 freeway and the extension of the K33 road.

The RDF also plans to improve public transport services and infrastructure, along these roads.

Position:
The property is positioned South-West of Lanseria Airport; with visibility and access from the R512 Pelindaba Rd (extension of Malibongwe Dr).

Tenants:
The property is being sold with vacant occupation. Currently, there are tenants occupying business premises on both properties , on a month-to-month basis, providing a nominal rental income , which contributes to the servicing of the municipal rates and maintenance expenses. Both businesses are currently operating.

On Bultfontein 533/2 Create Crete occupy a converted residential premises, manufacturing concrete furniture and art.

On Botesdal 529/2 Dirt Ryders Adventures occupy an off-road go-karting and bike track, which includes a pub and large thatched entertainment area, which hosts private and corporate events

Sale Price

R 28,000,000.00

R 17,855,530.00 for Property 1 – Portion 2 of stand 533 Bultfontein Farm 22.6 ha
R 10,144,469.00 for Property 2 – Portion 2 of stand 529 Botesdal Farm 12.84 ha
R 790067.72 per hectare 35.44 ha

Features

Property Map