Prime Development site

R 5,000,000

Can I afford this?
12 days ago26 views
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General Details
For Sale By:Agency
Description
Prime Development Site
Price: R 5 000 000
This prime development property is ready to go in peaceful and tranquil Oakglen, Belville.
Build flats, townhouses, student accommodation or retirement old age home.
Demolition approved.
Conveniently located with easy access to the N1 and Oakglen Spar. Lots of Colleges near.
• Erven size – 3013m²
• Zoning - GR2
• Development potential to build ±60 apartments.
Ryan 0826914915 or ryan@claremart.com
Id Subtitle 1274201649
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Estimated monthly repaymentR 54,186
Total property loan amountR 5,000,000
Total interestR 8,004,485
Total repaymentR 13,004,485
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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ryan
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