14-05-2012 -Only eight responses had been received to advertisements for the sale of 10 erven put on the market by the municipality in Summerstrand...
-Only eight responses had been received to advertisements for the sale of 10 erven put on the market by the municipality in Summerstrand Extension 14.

The 10 erven and the same number in KwaDwesi were advertised late last year “to test the market”.

A report to the Budget and Treasury Committee that meets next week states that the sale of the eight erven have been concluded apart from the financial guarantees that were awaited from the potential purchasers.

The prices that had been tendered for the serviced plots were in the region of R350 000.

The erven had previously been valued at R500 000 each.

In KwaDwesi, the report states, only one person had tendered and had applied to purchase all 10 erven.

However, the tender response had been shown to be “defective” in that the necessary legal documentation had not been supplied and as a result all 10 were in the process of being readvertised.

Erven in this area were valued at R70 000

The report says there had been no response from the private sector to the advertisement for the sale of an industrial site in New Brighton.

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