The perfect development project for sale

R 12,500,000

Can I afford this?
8 months ago56 views
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General Details
For Sale By:Agency
Description
Vacant land development project for sale in Saldanha Central. The project involves constructing 42 luxurious apartments over 6 storeys on a 2094 sqm property that currently has three rented residences. The apartments will have contemporary kitchens, living rooms, dining rooms, and bathrooms, with sizes ranging from 71 sq m for a 2-bedroom unit to 104 sq m for a 3-bedroom unit, and some top floor apartments even larger.

The apartments offer stunning sea views facing south-east and have an open-design protected entrance. The common and pool area, facing north, is intended solely for residential use and provides protection from strong south-easterly winds.

All necessary approvals and the ground is being sold with the property, and the existing properties on the land are generating substantial rental income. The estimated sale prices for the completed units are provided, with the two-bedroom units ranging from R1,900,000 to R2,400,000, three-bedroom units from R3,050,000 to R3,300,000, and penthouse units up to R5,000,000.

Some key features of the property include 95 bedrooms, 84 bathrooms (42 en-suite), 42 living rooms, a guest toilet, lift, pool, covered patio, and basement parking.

Concept floor plans are available, for more information or to request a 3D virtual tour of the authorized site, please contact us.

Property Reference #: JRL9094

Agent Details:
Bianca Beneke
Jawitz Properties
41 Blaauwberg Road
Table View
Blouberg

Id Subtitle 1226365191
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Estimated monthly repaymentR 135,464
Total property loan amountR 12,500,000
Total interestR 20,011,212
Total repaymentR 32,511,212
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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Jawitz Properties
Selling for 3+ years
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