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22 Cottages - Investment property
R 13,000,000
Can I afford this?20 Photo(s)
13 days ago23 views
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General Details
Location:
For Sale By:Agency
Description
This property is an ideal for the property developers, industrial business park and retail business development. The property is between Clayville Industrial and Glen Austin. It is located on a prime location, on a busy road: Olifantsfontein road to R21 highway, which joins Pretoria to Kempton Park (OR Tambo International), with easy access to Johannesburg, Durban and Mpumalanga routes.
On the past ten years there has been a lot of industrial and retail property developments along Olifantsfontein road. There is still high demand of land for residential, industrial and retail business along the road. The property size is 85,600 square meter. The area being utilised by the owner at the moment is 10,600 square meter, the 75,000 square meter of land can be utilized for new development: it already has rights for restaurant. On the 10,6000 square meter area: there is a warehouse, workshop, office, twenty two (22) cottages, which have their own prepaid electricity meters; there is a laundry room, which has coin operated washing machines for tenants; spacious two bedroom house, entertainment area; guard room, which has monitors for the CCTV cameras. A fish pond, swimming pool, lapa, ten carports and enough space for parking. The income generated by the cottages, warehouse, workshop and office is about R100,000 per month. The property has two boreholes, with one borehole supplying the whole area with water. There is a backup generator for when there is load shedding. The property is on Eskom power bulk rate and it has three phase electricity supply.
Has Pool
Property Reference #: 7002001-10180
Agent Details:
William Masebe
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
On the past ten years there has been a lot of industrial and retail property developments along Olifantsfontein road. There is still high demand of land for residential, industrial and retail business along the road. The property size is 85,600 square meter. The area being utilised by the owner at the moment is 10,600 square meter, the 75,000 square meter of land can be utilized for new development: it already has rights for restaurant. On the 10,6000 square meter area: there is a warehouse, workshop, office, twenty two (22) cottages, which have their own prepaid electricity meters; there is a laundry room, which has coin operated washing machines for tenants; spacious two bedroom house, entertainment area; guard room, which has monitors for the CCTV cameras. A fish pond, swimming pool, lapa, ten carports and enough space for parking. The income generated by the cottages, warehouse, workshop and office is about R100,000 per month. The property has two boreholes, with one borehole supplying the whole area with water. There is a backup generator for when there is load shedding. The property is on Eskom power bulk rate and it has three phase electricity supply.
Has Pool
Property Reference #: 7002001-10180
Agent Details:
William Masebe
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274220795
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Estimated monthly repaymentR 140,882
Total property loan amountR 13,000,000
Total interestR 20,811,661
Total repaymentR 33,811,661
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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EXP Realty
Selling for 2+ years
Total Ads7.26K
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