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0 sq. meter Vacant Land Residential in Brits Central For Sale
R 25,000,000
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General Details
Location:
For Sale By:Agency
Description
Exceptional 33 Ha prime residential development land for sale in Brits Central.
Well situated, within 200 meters from a Shopping Centre, 500 meters from Brits CBD and in close proximity to schools and colleges such as the Orbit TVET College, as well as medical facilities.
This development land offers the best of both worlds: located in town, bordering on existing, sought-after townhouse complexes, and in a beautiful natural environment, with the scenic Crocodile River on the northern boundary.
A Township development has been approved by the local municipality – all relevant township development documents and ROD are available for inspection.
Approval to built 700 residential units on the property is in place – but coverage could be increased to a total of more than 2000 units. The municipality allocated two extension numbers to the township: one for an 8.5ha section and another for the remaining 23.5ha section.
Available water on the property are sourced from a farm dam; canal water rights - as allocated in terms of the Hartbeespoort Irrigation Board; municipal bulk water supply, and directly from the Crocodile River.
This property presents an excellent opportunity for the development of a large residential security estate comprising of smaller affordable sectional title units, with prices starting from around R500 000, and full title homes across a range of sizes and prices.
There is also a huge demand for retirement villages in the Brits area (complete with medical and frail care). This would be an ideal opportunity to combine a retirement village with a residential. development.
Contact me for more information and appointment to view.
Property Reference #: ENT0081341
Agent Details:
Jay Jacobs
KW Select
262 Office 102B - First House, 262 Main Avenue , Ferndale, Randburg, Gauteng, 2194
Well situated, within 200 meters from a Shopping Centre, 500 meters from Brits CBD and in close proximity to schools and colleges such as the Orbit TVET College, as well as medical facilities.
This development land offers the best of both worlds: located in town, bordering on existing, sought-after townhouse complexes, and in a beautiful natural environment, with the scenic Crocodile River on the northern boundary.
A Township development has been approved by the local municipality – all relevant township development documents and ROD are available for inspection.
Approval to built 700 residential units on the property is in place – but coverage could be increased to a total of more than 2000 units. The municipality allocated two extension numbers to the township: one for an 8.5ha section and another for the remaining 23.5ha section.
Available water on the property are sourced from a farm dam; canal water rights - as allocated in terms of the Hartbeespoort Irrigation Board; municipal bulk water supply, and directly from the Crocodile River.
This property presents an excellent opportunity for the development of a large residential security estate comprising of smaller affordable sectional title units, with prices starting from around R500 000, and full title homes across a range of sizes and prices.
There is also a huge demand for retirement villages in the Brits area (complete with medical and frail care). This would be an ideal opportunity to combine a retirement village with a residential. development.
Contact me for more information and appointment to view.
Property Reference #: ENT0081341
Agent Details:
Jay Jacobs
KW Select
262 Office 102B - First House, 262 Main Avenue , Ferndale, Randburg, Gauteng, 2194
Id Subtitle 1277782934
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Estimated monthly repaymentR 270,927
Total property loan amountR 25,000,000
Total interestR 40,022,424
Total repaymentR 65,022,424
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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