Calling developers and nvestor-8068 sq.m.Land/Entire Body Corp for sale

R 3,000,000

Can I afford this?
6 months ago89 views
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General Details
Location:
For Sale By:Agency
Dwelling Type:Apartment
Bedrooms (#):6+
Bathrooms (#):4+
Parking:Garage
Description
Awesome business opportunity, this 8068 sq. m. of land located in Kenville,a good suburb north of Durban has 4 registered sectional title properties on it, with potential of building between 10 and 20 more dwellings on the common property. All electric infrastructure and drainage for the potential new dwellings is already in place….just build and register at the Deeds Office. Entire property is securely fenced/walled.Ideal for a gated duplex or simplex development.
The Sectional Title units for sale on the property comprise of:
1. A 370 sq.m.house boasting 5 bedrooms,4 bathrooms,3 lounges, large solid oak designer fitted kitchen, and large pool. All finishes throughout are of high standard.
2. A 40 sq.m.double automated garage servicing the large house.

We
rllinboth he 8000 sqmeter lnd plus te 410 q eter house fr R 3 20 00

Property Reference #: RL5086

Agent Details:
Cornealius Van Niekerk
Maxprop Holdings (Pty) Ltd
98 Bulwer Road
Bulwer
Berea
4083

Id Subtitle 1243994681
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Estimated monthly repaymentR 32,512
Total property loan amountR 3,000,000
Total interestR 4,802,691
Total repaymentR 7,802,691
Interest rate at 11.75% for 20 years *
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Maxprop Holdings (Pty) Ltd
Selling for 2+ years
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