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COUNTRY ESTATE DEVELOPMENT OPPORTUNITY!!!
R 4,950,000
Can I afford this?
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3 months ago66 views
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General Details
Location:
For Sale By:Agency
Description
Urgent sale!! Reduced below market rates in the area. This enclave is perfectly located on the border of Blue Hills and Sun Valley near Blue Hills Equestrian Estate and the Oppenheimer Stables with breath-taking views overlooking the entirety of the Johannesburg north skyline from Kyalami Corner across Sandton, the Joburg CBD, Northcliff, the Dome and into the northwest (Magaliesburg mountain). Sun Valley and Blue Hills areas are in the process of being boomed off and Canter Lane connects to Mane Road, which is the primary access road that has been earmarked for tarmac in the near future.
This plot measuring over 8.5 hectares was in the process of being subdivided into 8 portions all measuring around 1 Ha [10,000 sqm] which was never completed. Some of the town planning work can still be resuscitated. Please note that although this is not an estate yet, the enclave can be easily set up as one and a Homeowners Association set up and registered. Once subdivided the owners of the 1 hectare portions will be allowed to build 2 dwellings per plot. And because the enclave is currently NOT an estate, there are no levies and no building time frames or limitations except those imposed by the municipality. Municipal water and Eskom power supply line run on Canter Lane. Once subdivided the plots will come with municipal water connections. Electrical connections have to be arranged with Eskom by the new owners directly. Should you wish to finance your purchase of the plot through a bank loan you'll need about 40% deposit.
Call me to arrange a viewing!
Property Reference #: 134
Agent Details:
Zukile Majikela
Urban & Country
1st Floor, Block D, Willows Office Park, 40 George Road, Midrand, 1685
Midrand
This plot measuring over 8.5 hectares was in the process of being subdivided into 8 portions all measuring around 1 Ha [10,000 sqm] which was never completed. Some of the town planning work can still be resuscitated. Please note that although this is not an estate yet, the enclave can be easily set up as one and a Homeowners Association set up and registered. Once subdivided the owners of the 1 hectare portions will be allowed to build 2 dwellings per plot. And because the enclave is currently NOT an estate, there are no levies and no building time frames or limitations except those imposed by the municipality. Municipal water and Eskom power supply line run on Canter Lane. Once subdivided the plots will come with municipal water connections. Electrical connections have to be arranged with Eskom by the new owners directly. Should you wish to finance your purchase of the plot through a bank loan you'll need about 40% deposit.
Call me to arrange a viewing!
Property Reference #: 134
Agent Details:
Zukile Majikela
Urban & Country
1st Floor, Block D, Willows Office Park, 40 George Road, Midrand, 1685
Midrand
Id Subtitle 1259547796
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Estimated monthly repaymentR 53,644
Total property loan amountR 4,950,000
Total interestR 7,924,440
Total repaymentR 12,874,440
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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Urban & Country
Selling for 3+ years
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