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Spacious Land available in Ferndale ( 2009 m² )
R 2,198,999
Can I afford this?
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17 days ago58 views
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General Details
Location:
For Sale By:Agency
Description
This property is in West Ave Ferndale, very close to the main road of Malibongwe.
Measuring 2009m2, this land offers opportunity to build a smaller budget development. On a larger scale, this property is adjacent to two other stands, measuring 2006m2 and 4000m2, (total 8000m2) making it feasible for a much larger return.
Stipulations from a town planner would suggest up to 40 units could be built on the consolidation of the 3 stands.
There is an existing house on this property that can be used to make rental income while zoning permissions are available.
Schedule consultation, don't hesitate to call us !
Property Reference #: 604
Agent Details:
Lettie Moyo
Ascend Property Management
33 Ballyclare Drive, Bryanston, Sandton, 2021
Sandton
Measuring 2009m2, this land offers opportunity to build a smaller budget development. On a larger scale, this property is adjacent to two other stands, measuring 2006m2 and 4000m2, (total 8000m2) making it feasible for a much larger return.
Stipulations from a town planner would suggest up to 40 units could be built on the consolidation of the 3 stands.
There is an existing house on this property that can be used to make rental income while zoning permissions are available.
Schedule consultation, don't hesitate to call us !
Property Reference #: 604
Agent Details:
Lettie Moyo
Ascend Property Management
33 Ballyclare Drive, Bryanston, Sandton, 2021
Sandton
Id Subtitle 1273355924
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Estimated monthly repaymentR 23,831
Total property loan amountR 2,198,999
Total interestR 3,520,371
Total repaymentR 5,719,370
Interest rate at 11.75% for 20 years *
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Ascend Property Management
Selling for 3+ years
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