Vaccant Land - Cosmo City

R 12,000,000

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1 year ago311 views
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For Sale By:Agency
Description
This pristine portion of the land lies along Malibongwe drive and right opposite the Cosmo City Mall. The land measure a total of 4 505 meter squares. This property is ideal for any mixed land use, and currently has been proposed for accommodation purposes in which the plan is to build a 2 Storey building that can house 48 bachelor flats in which 24 will be ground floor and 24 will be 1st floor. Cosmo City is a thriving multiclass and multiracial city ideally positioned along Malibongwe and easily accessible from both Beyers Naude and N14 Highway. The total area of comso city is estimated at about 1 200 hectares with about 15% of the area (50 hectares) allocated for parks.
Cosmo City incorporates the implementation of the full range of municipal services and social facilities. The city boasts 12 schools, three shopping malls, health facilities, police stations, a community centre with a hall, 43 parks and recreational areas, a library, a cemetery and several churches. Cosmo city is a mere 10 mins drive from Lanseria International airport and 10mins drive to Northgate Mall.

Property Reference #: CL14

Agent Details:
Office Admin
Abakhi Properties
201A Monument Rd
Glen Marais
Kempton Park
1619

Id Subtitle 1198412903
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Estimated monthly repaymentR 130,045
Total property loan amountR 12,000,000
Total interestR 19,210,764
Total repaymentR 31,210,764
Interest rate at 11.75% for 20 years *
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Abakhi Properties
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