Development Opportunity

R 11,450,000

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10 days ago28 views
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General Details
For Sale By:Agency
Description
Prime property situated in a perfect location in Blue Hills, Midrand.

Centrally situated in Midrand, midway between Johannesburg and Tshwane, with easy access to all major routes and airports.

This magnificent property is 31 198 sq m. ( 3.1198 ha) in extent and has borehole water.

Approval for zoning - 70- 90 units per ha.

Main Residence:

An attractive farmhouse consisting of four bedrooms with en-suite bathrooms.

a walk in safe.

Two lounges and a well-sized dining room and kitchen with a scullery.

There is a large study and covered patio area.

Attached to the house is a covered entertainment and bar area with a storeroom.

There is a large swimming pool with a 4 car carport.

Cottage:

The cottage located alongside the back of the conference centre consists of two large bedrooms with two full bathrooms.

a walk in dressing room, a study, fabulous open plan lounge and dining room with a kitchen and a laundry./storeroom outside.

There is a 3 car carport allocated to the cottage area.

Conference centre:

There is a versatile conference centre situated on the property.

It consists of 5 conference rooms with a patio, reception area and a bar, a commercial kitchen with a pantry, a large cold-room, a smaller kitchen and scullery, 2 ladies and gents bathrooms staff cloakroom and a dressing room

There are 2 offices, 3 storerooms a paved outdoor area as well as a covered wooden deck and serving area overlooking a lovely large swimming pool and picturesque gardens.

Outbuildings consist of a shed with 2 storerooms leading off it, as well as an adjacent storeroom, a laundry and an office complex incorporating three rooms.

Staff quarters :- Two units each with a communal area four rooms and a bathroom.

There is also a hothouse.

This fabulous property has endless potential and is ideal for development or as an investment opportunity.

Viewing by appointment only.

Has Pool
Property Reference #: RES11424

Agent Details:
James Gresty
National Realtors Group
785 Naivasha Road
Sunninghill
Johannesburg
South Africa
2157

Id Subtitle 1277787261
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Estimated monthly repaymentR 124,085
Total property loan amountR 11,450,000
Total interestR 18,330,271
Total repaymentR 29,780,271
Interest rate at 11.75% for 20 years *
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