SEA VIEWS SQUARE METER VACANT STAND EASILY IN JOHANNESBURG

THE PREVIOUS WINNER OF THE AUCTION DID NOT HAVE ANY FUNDS, WHICH IS WHY THE STAND IS BEING RE LISTED. The cost price of the stand EXCLUDES ALL LEGAL AND TRANSFER COSTS. The stand which is for sale is located on Marine Drive in Bazley Beach - directly across the road from the beach. Due to the fact that the land across the road is a very narrow forrested strip which is deemed to be Admiralty Property, it is legally forbidden to develop on this land - one MY NOT build on Admiralty Land. It is therefore impossible for the sea views to EVER be disrupted or disturbed in any way shape or form. The size of the stand makes it easily sub divisible and it could either be purchased by a consortium and possibly divided into two relatively large properties, alternatively it could be purchased by a family and 4 houses/cottages could easily be accomodated. The selling price of the property is HALF of the Municipal Value of R. THERE IS NO BOND ON THE LAND. All Municipal fees are up to date  - THERE ARE NO OUTSTANDING DEBTS ON THIS PROPERTY WHATSOEVER.  What appears to be a road - closest to the sea is a Railway Line which is VERY SELDOM used - not even once per day. The railway line is used for the carrying of sugar cane.   There are houses behind the stand as well as on either side of the stand, so it is not isolated.