Walvis Bay Town Council will sell 77 light business erven via public tender at recommended upset prices or by private treaty in due course. The erven are situated in Extension 14 of the town.
In total about 33 light industrial erven will be sold through public tender or private treaty to the general public, while 30 erven are reserved for marginalised groups, such and women and youth, as well as small and medium enterprises.
The 30 erven could be allocated to interested members of the public through expression of interest and/or private treaty with council. The remaining seven erven will be reserved for future use and development for the Walvis Bay Export Processing Zone Management Company for a period not exceeding five years.
All plots will be sold at N$800 per square metre, council said. The biggest erven, measuring 9 726 square metres, carry a recommended upset price of N$8,947 million.
The smallest erven – measuring 3524 square metres – have a recommended upset price of N$3.242 million, according to council documents. The document further indicates that council is expected – based on the recommended upset prices which includes a 15 percent VAT – to generate at least N$359 786 240 from the sales.
According to council documents, the municipality is fully aware that the demand for land ownership at the town is increasing on a daily basis. To ease the plight, council agreed to sell serviced light industrial plots in Extension 14.
It further states that the development cost to provide all essential services, such as water, electricity and sewerage reticulation, has been calculated at N$269 per square metre and it should be noted that the development cost is based on a full cost-recovery model.
This means the pricing of land is based on recovering the development cost incurred by council. The plots will be sold “voetstoots” without any warranty whatsoever.
Also a 10 percent deposit of the purchase price is payable in cash/bank guaranteed cheque after the awarding of the tender and upon signing the agreement. Failing to comply with this condition the proposed sale would be regarded null and void.