Prime Land for Sale with Plans for Prestigious Rental Apartments

R 900,000

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14 days ago41 views
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General Details
For Sale By:Agency
Description
Unlock the potential of prime real estate with this exceptional opportunity to acquire land for the development of prestigious rental apartments. Situated in the thriving Westville area, this strategically located land is for the discerning buyer to develop an upmarket residential complex, offering an unparalleled investment opportunity in one of the most sought-after locations.
Property Highlights:
• Location: Nestled in the heart of Westville, this prime land offers proximity to major transportation hubs, renowned shopping destinations, dining establishments, and cultural attractions, providing residents with the ultimate urban lifestyle experience.
• Development Plans: The sale includes approved architectural plans for a free standing home. The Seller designed the renders for 4 luxurious rental apartments as an investment opportunity. Designed by renowned architects, the plans feature contemporary aesthetics, premium finishes, and thoughtful layouts optimized for modern living.
• Amenities: The proposed apartment complex is designed to offer an array of upscale amenities, including:
• Expansive rooftop terrace with panoramic views of the city skyline.
• Elegant communal lounge and entertainment spaces for residents to socialize and unwind.
• Secure parking with designated spaces for residents.
• Lush landscaped gardens
• Market Potential: With a growing demand for high-end rental accommodations in a Secure Complex in Westville, this development presents a lucrative opportunity for investors to capitalize on the robust rental market and generate significant rental income and long-term appreciation.
• Customization Options: Investors have the flexibility to customize the project to suit their preferences, whether it involves fine-tuning the interior design, incorporating additional amenities, or optimizing unit configurations to maximize rental potential.
Investment Opportunity:
This offering represents a rare chance to acquire a turnkey development project in a prime location with approved plans in place, minimizing development risk and expediting the construction process. Whether you're a seasoned investor seeking to expand your portfolio or a developer looking for your next lucrative venture, this property offers the perfect canvas to bring your vision to life and reap the rewards of a successful real estate investment.

Rates And Taxes: 2020
Property Reference #: 184

Agent Details:
Celeste Naidoo
PropMasters
Celeste

Id Subtitle 1273826078
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Estimated monthly repaymentR 9,754
Total property loan amountR 900,000
Total interestR 1,440,808
Total repaymentR 2,340,808
Interest rate at 11.75% for 20 years *
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