The City of Johannesburg invites proposals for the sale of Erven 1945 and 1946 in Ivory Park Extension 2. Bidders must demonstrate financial capability and comply with zoning regulations for residential development.
This tender seeks qualified bidders for the acquisition of two residential erven located at the corner of Masakhane Drive and Mohlala Avenue in Ivory Park Extension 2. The properties, measuring approximately 748 m² in total, are currently illegally occupied and used for retail and storage purposes. Successful bidders will be responsible for the legal eviction of occupants and must ensure compliance with all applicable zoning and building regulations, including the submission of approved building plans for any intended development.
Bidders are required to provide proof of funding availability, demonstrating their ability to finance the purchase and any subsequent development. The properties are zoned Residential 3, allowing for the construction of dwelling units, making this an attractive opportunity for developers looking to invest in residential housing in a growing area. The successful bidder will also be responsible for adhering to all municipal regulations and obtaining necessary approvals for any construction activities. This tender represents a significant opportunity for businesses focused on residential development and urban renewal.
This tender is suitable for property developers, real estate investors, and construction firms interested in residential projects within the Johannesburg metropolitan area.
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