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Small Holding for sale in President Park, Midrand
R 3,000,000
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General Details
Location:
For Sale By:Agency
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Description
Farm - Investment opportunity
This property is a true value for money: it is a small holding, has borehole, and it has three phase electric supply. It is ideal for church site, building of more cottages or flats for income generation and a school. It is strategically position in Modderfontein road, which is a busy road in President Park.
The property has five stand alone two bedroom houses generating R5,500 each per month, with a total of R27,500. If you take a 20 years home loan, the monthly repayment will be R24,168, and municipal rates and taxes is R2,000. This means the property will be servicing itself and this will enable you to run your business on the remaining piece of land.
We also do home loans pre-approvals and applications. We are here to serve you. Talk to us.
Rates And Taxes: 2000
Property Reference #: 110704802
Agent Details:
William Masebe
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
This property is a true value for money: it is a small holding, has borehole, and it has three phase electric supply. It is ideal for church site, building of more cottages or flats for income generation and a school. It is strategically position in Modderfontein road, which is a busy road in President Park.
The property has five stand alone two bedroom houses generating R5,500 each per month, with a total of R27,500. If you take a 20 years home loan, the monthly repayment will be R24,168, and municipal rates and taxes is R2,000. This means the property will be servicing itself and this will enable you to run your business on the remaining piece of land.
We also do home loans pre-approvals and applications. We are here to serve you. Talk to us.
Rates And Taxes: 2000
Property Reference #: 110704802
Agent Details:
William Masebe
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
Id Subtitle 1261959057
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Estimated monthly repaymentR 32,512
Total property loan amountR 3,000,000
Total interestR 4,802,691
Total repaymentR 7,802,691
Interest rate at 11.75% for 20 years *
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eXp Realty - Steven Johnstone Group
Selling for 2+ years
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