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8,129m² Farm Perfect For New Development
R 2,900,000
Can I afford this?22 Photo(s)
7 months ago70 views
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General Details
Description
Calling All Investors!!
Property with the ability for development! Electrical and water rules and regulations makes it possible for any form of development.
Most properties in the vicinity have been redeveloped into high density residential developments. The general allowable density in the area is 85 units per hectare. This property has the potential to be developed into approximately 72 residential units.
The main building is approximately 65% complete with a total of 7 bedrooms, loads of living rooms and bathrooms is partially complete. A large section requires finishes, fittings, electrical installations, water installation and sewerage installations. The dwellings on the property are as follows:
Roof Concrete tiles on standard pitch timber roof trusses
Ceilings Concrete ceiling panes and plastered ceilings
External Walls Concrete bricks
Glazing Steel door and window frames
Internal walls Plastered and painted bricks and concrete bricks
Floor coverings Ceramic tiles and bare concrete flooring
This property is centrally located in a developing agricultural node just east of the Alberton Business District and just south from the Germiston Central Business District. Jacoba Road is quiet and hosts new development. Close to the Reeff Shopping Centre, all major Freeways and amenities.
Monthly Bond Repayment R29,461.36
Calculated over 20 years at 7% with no deposit.
# Parking: 1
Rates And Taxes: 191
Has Pool
Has Garden
Property Reference #: 1985210
Agent Details:
Siya Mabindisa
Jacques Louw Properties
78 Hennie Alberts Street, Brackenhurst, Alberton
Property with the ability for development! Electrical and water rules and regulations makes it possible for any form of development.
Most properties in the vicinity have been redeveloped into high density residential developments. The general allowable density in the area is 85 units per hectare. This property has the potential to be developed into approximately 72 residential units.
The main building is approximately 65% complete with a total of 7 bedrooms, loads of living rooms and bathrooms is partially complete. A large section requires finishes, fittings, electrical installations, water installation and sewerage installations. The dwellings on the property are as follows:
Roof Concrete tiles on standard pitch timber roof trusses
Ceilings Concrete ceiling panes and plastered ceilings
External Walls Concrete bricks
Glazing Steel door and window frames
Internal walls Plastered and painted bricks and concrete bricks
Floor coverings Ceramic tiles and bare concrete flooring
This property is centrally located in a developing agricultural node just east of the Alberton Business District and just south from the Germiston Central Business District. Jacoba Road is quiet and hosts new development. Close to the Reeff Shopping Centre, all major Freeways and amenities.
Monthly Bond Repayment R29,461.36
Calculated over 20 years at 7% with no deposit.
# Parking: 1
Rates And Taxes: 191
Has Pool
Has Garden
Property Reference #: 1985210
Agent Details:
Siya Mabindisa
Jacques Louw Properties
78 Hennie Alberts Street, Brackenhurst, Alberton
Id Subtitle 1238808023
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Estimated monthly repaymentR 31,428
Total property loan amountR 2,900,000
Total interestR 4,642,602
Total repaymentR 7,542,602
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Jacques Louw Properties
Selling for 3+ years
Total Ads284
Active Ads284
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