Prime properties for development

Range of investment options available in Northam

● A variety of prime development properties in Northam will go under the hammer as part of an urgent disposal sale on August 29.

Northam is a well-known mining town situated between key platinum and chrome mines. There is inadequate housing to support about 24,000 mineworkers at the various mines in the vicinity. The development properties on auction will assist in resolving this dilemma, providing around 12,000 housing opportunities as well as schools, churches, business centres, filling stations and more. This makes the development properties on auction an attractive business opportunity for property developers and investors.

Numerous development properties will be auctioned on the day. These include 312 serviced residential stands as well as hospital stands, crèche and secondary school stands, all in extension 6.

In addition to this a 100ha township-approved development called Hlogoyatau, with 1,479 special residential stands, will be auctioned along with stands for a cemetery, a hospital, four schools, a filling station, city centre and a neighbourhood centre.

A total of 680ha of land in urban edge areas will also form part of this disposal.

This is a unique opportunity for investors as this is the last urban edge development opportunity available in Northam. Smaller developers will also gain the chance to acquire development opportunities due to the serviced residential stands being offered in smaller lots.

Apart from the above auction, the opportunity exists for the original company to be taken over.

The auction will take place onWednesday August 29 at 11am at Mawala Lodge, Northam.

For more information, contact Pieter Geldenhuys at Bidders Choice on 082-808-1801 or visit the Bidders Choice website at www.bidderchoice.co.za.