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Spacious Land available in Ferndale ( 4015 m² )
R 2,798,999
Can I afford this?
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17 days ago52 views
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General Details
Location:
For Sale By:Agency
Description
Investors/Developers - MULTI LETS - 4000m STAND TO REZONE
Around R2.4m will be considered.
Rezoning can be done to allow for 40 sectional title units or for 12 to 15 cluster units.
invest in this multi - let property earn an ample income while rezoning takes place.
3 bedroom home and 6 x 1 bedroom, 1 bathroom cottages.
A rezoning application will be required to increase the residential density and will take approximately 12 months from date of submission to the Local Authority.
The density, F.A.R. and coverage can be proposed in the rezoning application.
Schedule viewing now!
Property Reference #: 605
Agent Details:
Lettie Moyo
Ascend Property Management
33 Ballyclare Drive, Bryanston, Sandton, 2021
Sandton
Around R2.4m will be considered.
Rezoning can be done to allow for 40 sectional title units or for 12 to 15 cluster units.
invest in this multi - let property earn an ample income while rezoning takes place.
3 bedroom home and 6 x 1 bedroom, 1 bathroom cottages.
A rezoning application will be required to increase the residential density and will take approximately 12 months from date of submission to the Local Authority.
The density, F.A.R. and coverage can be proposed in the rezoning application.
Schedule viewing now!
Property Reference #: 605
Agent Details:
Lettie Moyo
Ascend Property Management
33 Ballyclare Drive, Bryanston, Sandton, 2021
Sandton
Id Subtitle 1273355490
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Estimated monthly repaymentR 30,333
Total property loan amountR 2,798,999
Total interestR 4,480,909
Total repaymentR 7,279,908
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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Ascend Property Management
Selling for 3+ years
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