Garden World Property and Business for Sale
Description: Portion 114 of the Farm Rietfontein No 189 IQ, Mogale City, Gauteng
The property is centrally located on Beyers Naude Drive, Muldersdrift, Gauteng. It is in the Mogale City Local Municipal area (Krugersdorp). Access is from Beyers Naude Drive via the N14-Highway (from the North) or from the N1-Highway (from the South). The property is also close to the Honeydew / Laser Park Industrial node and the Jackal Creek Golf Estate which consists of clusters and higher density residential apartments.
The adjoining properties, 61.37 ha in extent, have recently been bought and developed by Afroprop (Pty) Ltd for warehousing, commercial and light industrial uses. Serviced stands in Beyers Ridge Industrial Park are currently selling from R800/m2 exclusive of VAT. Boxer Foods opened a 16 000m2 distribution centre and Spar Africa is in the process to develop a mammoth 220 000m2 distribution centre in Beyers Ridge.
SIZE: 11,8762 ha
Currently Agricultural but according to the Mogale City Development Framework the property is located in a Mixed Land Use district which will allow for commercial, light industrial, warehousing, retail and residential uses.
The improvements to the subject property comprises of buildings and structures which is currently used for a nursery and function venue. There is a nursery shop, a nursery shed, the garden cottage / office space, the manor house, market shed, animal farmyard lapa, plant farm sheds, staff quarters, garages, workshop building, storage shed and open parking areas.
The upgrading of Beyers Naude Drive to 4 lanes between Peter Road and the N14 off ramp is currently out on tender. The dual carriage way will definitely add value to the whole area in regard to better access unlocking land for development. Future access to the property will be from the intersection of Beyers Naude Drive (K31) and the K56. Beyers Naude Drive will then be a dual carriage way linking the N1 with the N14.
This valuable property has enormous potential to be developed, and as already mentioned it is located in a Mixed Land Use District. An interested buyer can also purchase the Garden World business as a running concern.