Vacant Properrty for Sale for Commercial Development

R 18,000,000

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1 month ago82 views
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For Sale By:Owner
Description

A property in Rietfontein, Muldersdrift for sale, for commercial development. The property is conducive to the development of manufacturing/distribution warehouses and offices.
The property for sale is located on the main Beyers Naude Drive in Rietfontein. One property away from Garden World.
The surrounding area is developing, as just 2 properties away (on the other side of Garden World) there is a massive development being constructed, called Beyers Ridge. This is a development of a massive distribution warehouse for Retail, with 19 adjoining small warehouse sites. They have already commenced on site with the development. This site is a 54-hectare development. And the second development of +/- 83 hectares is commencing soon and this is the Greengate Mixed Land development of retail shops, gymnasium, restaurants, hotel, and housing, etc. This is on the south side of Beyers Naude.

The Beyers Naude Road (K131) is currently being constructed into a dual carriage-way road. South of our property.
There is another major road, the K56 which is to be constructed on the property next door. So our property for sale will be on the corner of 2 major crossroads. But access will be by a service road.

The property (Plot 184) which is for sale, is 8,5653 hectares which are 85653m2 (10 Morgan) in size.
The property has a municipal water supply and 3 Phase electrical supply and 2 boreholes.
Currently, the property is open land with no building development on it at all.

A Town Planner has confirmed that business rights can easily be attained, as this is part of Mogale City's plan for spatial development in the area.
The property is a 15-minute drive from Lanseria International Airport.

Id Subtitle 1272721453
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Estimated monthly repaymentR 195,068
Total property loan amountR 18,000,000
Total interestR 28,816,146
Total repaymentR 46,816,146
Interest rate at 11.75% for 20 years *
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Theresa Moll
Selling for 2+ years
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