R10,750,000 | 16.30Ha Vacant Land For Sale in Riversdale

An exceptional opportunity to acquire a large, underdeveloped riverfront property in a rapidly expanding area of Meyerton. Situated on the banks of the Klipriver, directly across from the newly built Riverstone Mall, this property offers both location and scale for future development. The stand measures an impressive 16.3485 hectares, square in shape, with approximately 450 metres of river frontage. Although there is an existing house on the property, it is not in good condition and the seller is therefore offering the property as a vacant stand, ideal for redevelopment.

Zoned Residential 1, the property allows for a density of 20 units per hectare for single residential use, or up to 25 units per hectare for sectional title developments. A 200 kVA transformer is already available, along with 300 amp, 3-phase electricity supplied by Midvaal Municipality. Water, electricity and sewerage services for development are confirmed as available, and the property also enjoys water rights to pump from the Klipriver for irrigation. Twelve hectares are currently leased, generating an income of R30 000 per month, with flexibility for the new owner to continue a similar arrangement if desired. Within walking distance to the mall, close to schools, sports facilities, and with easy access to the R59, this property is perfectly positioned to benefit from ongoing development in the Riversdale area.