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Prime Development Land in Vorna Valley
R 19,500,000
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Description
Prime Development Land For Sale - Vorna Valley, Midrand.
Ideally located for a prestigious residential development as the land is flanked by upmarket estate properties. Fenced on all four sides the property is on a corner stand with driving access from two sides. The land is in perfect location off a main road within close proximity to amenities such as schools (Curro Private School), neighbourhood shopping centres (Vorna Valley), Gas stations (Engen and Total) and also the entire Waterfall Precinct (PWC, Deloitte and Touche, Mall of Africa).
City of Johannesburg will allow a maximum of 30 units per hectare and up 2 storeys. This translates into approximately 75 full title properties in an estate setting.
The suburb itself is a popular and sought after neighbourhood because of its swift access to the N1 Highway and R55 main road (Kyalami/Fourways).
The land is 25,347sqm in size and currently zoned agricultural. There is a borehole on the property.
Property Reference #: 115
Agent Details:
Thandiwe Gcaba
MID Properties
30 Albertyn Street, Vorna Valley, Midrand,1686
Ideally located for a prestigious residential development as the land is flanked by upmarket estate properties. Fenced on all four sides the property is on a corner stand with driving access from two sides. The land is in perfect location off a main road within close proximity to amenities such as schools (Curro Private School), neighbourhood shopping centres (Vorna Valley), Gas stations (Engen and Total) and also the entire Waterfall Precinct (PWC, Deloitte and Touche, Mall of Africa).
City of Johannesburg will allow a maximum of 30 units per hectare and up 2 storeys. This translates into approximately 75 full title properties in an estate setting.
The suburb itself is a popular and sought after neighbourhood because of its swift access to the N1 Highway and R55 main road (Kyalami/Fourways).
The land is 25,347sqm in size and currently zoned agricultural. There is a borehole on the property.
Property Reference #: 115
Agent Details:
Thandiwe Gcaba
MID Properties
30 Albertyn Street, Vorna Valley, Midrand,1686
Id Subtitle 1154303734
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Estimated monthly repaymentR 211,323
Total property loan amountR 19,500,000
Total interestR 31,217,491
Total repaymentR 50,717,491
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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