New Development. Unveiling a Remarkable Retail and Commercial Mall Transformation

R 19,900,000

Can I afford this?
13 days ago42 views
Ad Saved to My List
View and manage your saved ads in your account.
Report Ad
General Details
Description
Introducing The Diamond Plaza: Development opportunity.
In the bustling heart of Witbank, South Africa, where opportunity meets innovation, a transformation is underway. For over 18 years, we have been at the forefront of the property industry, and today, we proudly present an exceptional property venture that is set to redefine the landscape of retail and commercial space. Welcome to The Diamond Plaza - an extraordinary development that takes the existing 2-level property to a grand 3-level masterpiece.
A Prime Location: The Heart of Witbank
Nestled in the heart of Witbank's busy business hub, The Diamond Plaza is strategically located, surrounded by major business sectors, prominent business owners, renowned shopping malls, Eastvaal Ford, and the beloved Fruit and Veg market. It proudly stands on the prominent street corner of Mandela Drive, offering limitless visibility to a captivated consumer base. The support and patronage it enjoys from this thriving community are testament to its appeal.
Endless Opportunities for Growth
While the current property is partially developed, it serves as a canvas of opportunity, ready for you to explore and expand. The vacant land that accompanies it provides a golden opportunity to maximize revenue income. The possibilities are as limitless as the visibility it offers.
Strategic Access: The N4 Advantage
One of the key strengths of The Diamond Plaza is its easy accessibility via the N4 highway, making it a magnet for consumers from near and far. The 2,952 square meters of mixed-use zoning, including Mall development with retail and restaurants, positions it ideally to harvest its full investment return value. The strategic location and accessibility create a perfect synergy.
A Tax Advantage: A Smart Investment Move.
A significant advantage that The Diamond Plaza offers is that the property is being sold through two Close Corporations, both of which are VAT registered. For the new owner, this means an opportunity to acquire the property without the burden of transfer duty. It's a smart move that adds to the overall appeal of this remarkable development.
The Diamond Plaza in Detail
Retail Heaven within the Diamond Plaza will house an array of retail outlets, from chic boutiques to large department stores, creating a shopper's paradise.
Dining Delights enjoy Savoring the culinary diversity at our restaurants, offering a variety of cuisines to cater to all tastes and preferences.
Commercial Hub besides retail, The Diamond Plaza provides a prime space for commercial enterprises, offering a hub for business growth and innovation.
Entertainment Extravaganza is at the core of our development. Expect cinemas, arcades, and events that will captivate the community.
Community Connection, the Diamond Plaza is not just a mall; it's a community center where people come together for shopping, dining, and social interaction.
Future-Proof Design, our three-level development is designed for the future. It's not just a mall; i...

Property Reference #: 7002001-43061

Agent Details:
Lieska Dieperink
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274212005
View More
Property Loan Calculator
Purchase price
R
Deposit amount
R
Interest rate
%
No. of years
5
10
15
20
25
30
RECALCULATE
Estimated monthly repaymentR 215,658
Total property loan amountR 19,900,000
Total interestR 31,857,850
Total repaymentR 51,757,850
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.
RECALCULATE
EXP Realty
Selling for 2+ years
Total Ads7.26K
Active Ads7.26K
Professional Seller
Seller stats
7.26KTotal Ads
3.68MTotal Views
Contact EXP Realty
082*******Show Number
Message
(3965)
Name
(Optional)
Email Address
(Optional)
Phone
(Required)
Send Message
By clicking "Send" you accept the Terms of Use and Privacy Notice and agree to receive newsletters and promo offers from us.