Vacant land zoned with approved plans available for purchase

R 13,490,000

Can I afford this?
1 year ago398 views
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General Details
For Sale By:Agency
Description
This land is situated in the ever-growing suburb Ravenswood, Boksburg
The opportunity available is calling on all investors and developers looking to build 163 apartment units
Land size – 22 280 sqm
There are approved plans and zoning in place for 163 units, all amenities and service are in place, including a boundary wall & a gate house Phase 1 of this development consist of 56 units that have been build and sold out,
The remaining 163 unit are ready to be built, and awaits a developer or investor with the appetite to build
Call me for your exclusive viewing and more information on this incredible opportunity
Wonderful area
Great investment
Fantastic opportunity

Property Reference #: 4847

Agent Details:
Warrick Wiegand
Law Real Estate
7 Van Beek Avenue, Glenanda, Johannesburg, South Africa
Johannesburg

Id Subtitle 1161735359
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Estimated monthly repaymentR 146,193
Total property loan amountR 13,490,000
Total interestR 21,596,100
Total repaymentR 35,086,100
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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Law Real Estate
Selling for 7+ years
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