The properties are two large empty erfs, extremely well situated, at the heart of Cullinan, a picturesque and up-market small town, North East of Tshwane; Erf 441 is 3 232sqm Erf 753 is 2 401sqm Their large in size, and unique situation, makes them a desirable investment opportunity for the Development Community and Private Investor. Indeed, for those who want to retire and build their retirement dream home, within the context of a small, quiet and pleasant town, yet only 35 kilometers away from the centre of Pretoria, and about 80 kilometers away from Johannesburg Airport, any of these erfs will more than suffice. According to the Title Deeds, a three storey building, half the overall surface size of the erf, can be built. That is, the approximate overall living area of the building could be three times 1,616sqm (half of 3 232sqm), or 4 848sqm (3 storey of 1 616 living area each) This property, though it is classified as Institutional for rate purposes, could accommodate "Residential" as per Title Deeds. The Title Deeds state: "The erf and the buildings erected thereon or to be erected thereon, shall be used solely for the purposes of an institution, places of public worship and places of instruction and with the consent of the local authority for social halls, the purposes of dwelling-units, residential buildings related to the main use, special uses and such other uses as the local authority may permit" (Highlight absent from the Deeds, done here to emphasize residential potential)
Purchase PriceR 932 800
Type of PropertyLand
Last Updated12 Apr 2022
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