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This proposal outlines the potential development of a 2.16-hectare property featuring a 1,600 square-meter facility, ideal for a conference centre, wedding venue, church, school or hostel accommodation for college students. Given its ample space and versatile facility, this property presents a unique opportunity to cater to diverse community needs.
Property Overview:
- Location: Farm 251 "DROOGEHEUVEL" Portion 12 ( Randfontein)
- Size: 2.16 hectares
- Facility Size: 1,600 square meters plus 230 square meters of residential property
- Current Zoning:
Residential – awaiting zoning certificate
Development Opportunities:
1. Conference Centre:
A dedicated space for corporate events, seminars, and workshops.
Features:
Multiple breakout rooms
Audiovisual capabilities
Catering facilities
Ample parking for guests
2. Wedding Venue:
A picturesque setting for weddings and receptions.
Features:
Scenic outdoor areas for ceremonies
Elegant indoor spaces for receptions
Customizable decor options
3. Church:
A welcoming space for worship and community gatherings.
Features:
Sanctuary for services
Community rooms for activities and events
Accessibility features for all attendees
4. School:
An educational institution serving local students.
Features:
Classrooms designed for different age groups
Outdoor spaces for recreational activities
Libraries or study areas
5. Hostel Accommodation:
Affordable lodging for college students.
Features:
Dormitory-style rooms with shared facilities
Common areas for socializing and studying
Close proximity to local colleges and universities
6. Funeral Home
Ideal set up for funeral home
Demand Assessment:
• Research indicates a growing need for versatile event spaces and affordable student accommodation in the area.
Target Audience:
• Corporations, wedding planners, religious groups, educational institutions, and college students.
Competitive Advantage:
• The unique combination of facilities catering to multiple uses sets this property apart from traditional venues.
Financial Considerations:
Initial Investment:
• Non-disstressed Auction: Starting Bid R3 000 000. (Supply and demand principle will determine final price)
• Revenue Streams: Event bookings, catering services, accommodation fees, and potential partnerships with educational institutions.
Conclusion:
The 2.16-hectare property with its 1,600 square meter facility offers immense potential for development into a multi-use venue. By catering to the community's needs and leveraging the diverse opportunities available, this project promises to be a valuable asset, providing social and economic benefits.
All offers are encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at the auction. Online bidding and streaming are available. Regular show houses to be held. Auction info is available on request.
The Seller has chosen to make use of our internationally proven Luxury Non-Distressed Auction Platform For Serious Sellers
- No Buyer’s Commission
- Full Finance Options Available
- Offers Accepted prior to Auction Day
- All property reports available on request
- The seller has a Non-Disclosed Reserve Price
* Opening bid on auction day will be...
* Registration is required with ID proof.
* Bidding in South African Rand.
* Highest bidder commits to purchase.
* Purchaser not liable for property arrears.
* Auction with Reserve; seller can reject bids below reserve.
* Purchaser pays purchase price and transfer costs.
* Property is sold subject to confirmation by the seller.
* Compliant with the Consumer Protection Act.
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