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Student Housing or Conventional Apartments Opportunity opposite Monash University Ruimsig !
R 8,400,000
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General Details
Location:
Description
Property Address:
Ruimsig, Roodepoort
Walk across Peter rd to Monash University Ruimsig from this well positioned Student housing stand ! Or build 140 conventional apartments in this popular suburb.
Semi serviced with gatehouse in place
Fully walled
140 units
4 storeys permitted
Next to new Student Housing development
50% coverage FAR 1.0
9485 m2 in extent
One parking bay per 2.5 beds
Current rental of R18000 per month from house (ultimately to be demolished). 3 phase power and Council water in place.
At pre proclamation stage Ruimsig x 87
Bulk contributions payable
Gatehouse and walls in place
Site has been consolidated as Erf 539 Ruimsig
Rates And Taxes: 3000
Property Reference #: 517
Agent Details:
Nigel Williamson
SA Land
92 Indaba Lane,Rietfontein,Muldersdrift,1747
Roodepoort
Ruimsig, Roodepoort
Walk across Peter rd to Monash University Ruimsig from this well positioned Student housing stand ! Or build 140 conventional apartments in this popular suburb.
Semi serviced with gatehouse in place
Fully walled
140 units
4 storeys permitted
Next to new Student Housing development
50% coverage FAR 1.0
9485 m2 in extent
One parking bay per 2.5 beds
Current rental of R18000 per month from house (ultimately to be demolished). 3 phase power and Council water in place.
At pre proclamation stage Ruimsig x 87
Bulk contributions payable
Gatehouse and walls in place
Site has been consolidated as Erf 539 Ruimsig
Rates And Taxes: 3000
Property Reference #: 517
Agent Details:
Nigel Williamson
SA Land
92 Indaba Lane,Rietfontein,Muldersdrift,1747
Roodepoort
Id Subtitle 1266351031
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Estimated monthly repaymentR 91,032
Total property loan amountR 8,400,000
Total interestR 13,447,535
Total repaymentR 21,847,535
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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SA Land
Selling for 7+ years
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