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North East facing stand- Wavecrest with stunning sea and mountain view
R 630,000
Can I afford this?
3 Photo(s)
2 years ago1123 views
General Details
Location:
For Sale By:Agency
Description
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Estimated monthly repaymentR 6,828
Total property loan amountR 630,000
Total interestR 1,008,566
Total repaymentR 1,638,566
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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This estate was sold on auction due to bankruptcy and was used as a small holding by the owner for the past 6 years.The owner is now immigrating and is looking to sell off the development land for a HUGE BARGAIN!The land costs of 3 well built houses with a fancy entrance and 150 m2 office space. The development is 70% serviced with surrounding walls, entrance and staff buildings in place. All the roads are serviced with stormwater drainage & water. Die electricity infrastructure does needs some work, but most of the other bulk and internal services are already in place! 60% of the roads are already paved, and 90% of the side walls and street lights are already fitted. There is a huge dam on the premises with additional boreholes for water. The land is situated 350 m from one of the most beautiful beach in Africa. These stands can be developed in phases with an average profit margin of R 600 000 per unit.There is a high demand from elderly folks looking to retire and move away from the inland to coastal cities, so these units are high in demand and would work exceptionally well as a retirement estate.The zoning was subtracted by the owner due to the higher rates and taxes but can be activate once again for a willing and able developer.# Parking: 4Property Reference #: 13158Agent Details:Louis A FourieOkandivi PropertiesLydenburg, MpumalangaLydenburg
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