NEW
Web Ref RL18753
R6,600,000
Monthly Bond Repayment R68,124.43
Calculated over 20 years at 11.0% with no deposit.
Change Assumptions
Rezoning Nearing Completion – Prime Development Opportunity
Rezoning Status
Subdivision application has been approved.
Section 34 application has been submitted to Council.
Finalization of the Section 34 application is still required. This involves installing services (water, sewer, and electricity) to the subdivided stands.
Clearance letters have been obtained from both City Power and the Johannesburg Roads Agency (JRA).
Outstanding Items:
Joburg Water Clearance: Still to be obtained. A Civil Engineer must be appointed to submit construction drawings and oversee the installation of services. A fee proposal from the engineer is required.
Bulk Services Contributions: An amount of R167,077.53 is payable.
Legal Documentation: A conveyancer must be appointed to submit the required documents to Council. A fee quote needs to be obtained.
Town Planning Fees: R15,750.00 (excluding VAT) is payable to finalize the Section 34 application.
Timeline for Completion:
The rezoning process will be completed once the Civil Engineer is appointed, services are installed, and inspections are conducted. Estimated timeframe: approximately 2–3 months.
Subdivision application has been approved.
Section 34 application has been submitted to Council.
Finalization of the Section 34 application is still required. This involves installing services (water, sewer, and electricity) to the subdivided stands.
Clearance letters have been obtained from both City Power and the Johannesburg Roads Agency (JRA).
Outstanding Items:
Joburg Water Clearance: Still to be obtained. A Civil Engineer must be appointed to submit construction drawings and oversee the installation of services. A fee proposal from the engineer is required.
Bulk Services Contributions: An amount of R167,077.53 is payable.
Legal Documentation: A conveyancer must be appointed to submit the required documents to Council. A fee quote needs to be obtained.
Town Planning Fees: R15,750.00 (excluding VAT) is payable to finalize the Section 34 application.
Timeline for Completion:
The rezoning process will be completed once the Civil Engineer is appointed, services are installed, and inspections are conducted. Estimated timeframe: approximately 2–3 months.
