Existing Country Estate for sale in Van Rhyn Small Holdings, Benoni.

R 19,750,000

Can I afford this?
1 year ago308 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):3
Bathrooms (#):3
Parking:Covered
Description
Calling on all investors and / or developers!
Opportunity of a lifetime.
Situated in Cloverdene (registered as Van Rhyn SH), this exceptionally neat, secure, spacious and well maintained complex offers the following:
36 Freeholding simplexes comprising of 2 or 3 bedroom units, with either 1 or 2 bathrooms.
These units are all tiled inside, with open plan lounge, dining rooms and kitchen areas (combo scullery).
Modern with each unit having its own enclosed garden (pet friendly) and front patio, with built-in braai.
Security gates and burglar bars protect these properties.
Double carports per unit.
Prepaid electricity and gas stoves.
Remote control entry into the complex.

Block of flats, comprising 5 flats in total (bachelor and / or 1 / 2 bedroom flats).
20 Open stands, within the complex which have recently been approved for development.
This will increase the freeholding units from 36 to 56.
In addition to the above, the complex offers a swimming pool and braai / lapa areas, which can be utilised for parties and / or other events.
Also on offer is a childrens play area.
5 Storage garages, which can be rented.
Water reserve tanks (if needed) which can run up to 6 weeks.
7.5 Hectare stand.
Current rental income = R 250 000 pm, however with the development of an additional 20 units, this income will increase substantially.
The entire complex is fully walled, with electric fencing, and a guard at night.

Don't miss out on this well priced investment.
Phone the agent now for a viewing and make an offer.

# Ensuite: 1
Has Pool
Has Garden
Security Features: Fence, Access Gate
Property Reference #: 3862793

Agent Details:
Kevin Welman
Alberton
Chas Everitt
Unit 1, Block A
192 Pretoria
Rynfield
Benoni

Id Subtitle 1137100499
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Estimated monthly repaymentR 214,033
Total property loan amountR 19,750,000
Total interestR 31,617,715
Total repaymentR 51,367,715
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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Chas Everitt
Selling for 3+ years
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