Res 3 Zoned Development Land for sale in Cloverdene

R 6,500,000

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2 years ago473 views
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General Details
Location:
For Sale By:Agency
Description
2.24 Ha Land for +- 179 Units @ R40 000/ Per Opportunity.
Besides the house there are 3 existing flatlets which generate an excessive R 13 000pm rentals.

Prime Land - Zoned for DEVELOPMENT - Perfect Location!

Approvals:
Zoning - Res 3
Up to 80 units per Ha.
Approved Conditions of Establishment and Township.
Environmental Impact.
Geo Tech Support.

The development land offers over 178 Res 3 opportunities.
Further documentation and info available, but as per seller's instruction info will only be released on receipts of a company profile.
Bulk contributors/services for purchaser account.
All services are available. Purchase price - R 5 285 000.
NB! Outright purchase - No joint ventures will be considered.
close to all central routes and OR Tambo International Airport.
There are major residential developments taking place in the area.
There are top healthcare facilities, libraries and schools available as well as a variety of shopping centers.
For other family entertainment, there are plenty of sporting facilities available.
The comments from the Municipality were definitely to link to the closest water-borne sewer system.
The same will be down Cloverdene road and link in Ninth Road (exiting bulk-line).
Remember there is opportunity to subtract this expenditure from bulk contributions and even negotiate with others that wants to ink on the bulk-line to contribute.

Property Reference #: 3525554

Agent Details:
Kevin Welman
Polokwane
Chas Everitt
Unit 1, Block A
192 Pretoria
Rynfield
Benoni

Id Subtitle 1085237145
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
Interest rate at 11.75% for 20 years *
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Chas Everitt
Selling for 3+ years
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