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R19,000,000

445,261Ha Vacant Land For Sale in Cato Ridge

This property is located in the Outer West Region of the eThekwini Metropolitan Area and within the Cato Ridge Local Area, close to the town of Cato Ridge.
The property comprises a farm of approximately 44 hectares which is improved with a broiler operation and associated buildings. The land offers veld grazing, kikuyu pastures, and a small dam.
The property is gently rolling to sloping in parts and has a combination of southerly and easterly aspects. It is situated at a height of between around 705m and 766m above sea level at the lowest and the highest points.
The property is strategically located along the MR385 a provincial road leading to Hammarsdale.
The immediate surroundings are largely agricultural in nature, characterised by veld grazing farms, sugar cane farms, and other poultry operations. There are some smallholdings in the area being used for industrial purposes, including a John Deere storage and distribution depot.
The property has access to both an Eskom electricity supply and to municipal water. While it is currently not in the municipalitys scheme, it does fall within the Cato Ridge Local Area Plan (LAP) boundary and is therefore earmarked for a base zoning of Agriculture 1. Within this zone, uses such as Agricultural Land, Conservation Area, Dwelling House and Riding Stables are permitted as free entry uses.
The property has long term development potential in that the Cato Ridge area has been identified as a key future industrial node within the Durban Gauteng Corridor, which points to its importance as a potential logistics hub. This is reinforced by the fact that one of the several development options proposed for the Cato Ridge area is an Inland intermodal container terminal/dry port. Such a development could give rise to potential development opportunities for this property

 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

251,086.40

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