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Prime residential development land 500 m from one of the most prestigious beaches in Africa
R 5,500,000
Can I afford this?
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8 months ago190 views
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General Details
Location:
For Sale By:Agency
Description
This development land is very well situated in one of the safest areas on the East Coast.
It consists of 22 residential erven that are ready to be serviced an developed. Zoning is already in place.
We have a huge demand for affordable housing in the area. Any willing developer would make at least R 550 000 clean profit per unit with this development, and they will sell quickly !
We have quality builders that can do the construction at affordable prices eager for such an opportunity.
Okandivi Properties manages development land for companies like Anglorand, Marula mine and EIB trust. We can certainly manage this whole development and construction project for any willing and able investor.
A steal at this price !
Rates And Taxes: 340
Property Reference #: 13969
Agent Details:
Louis A Fourie
Okandivi Properties
Lydenburg, Mpumalanga
Lydenburg
It consists of 22 residential erven that are ready to be serviced an developed. Zoning is already in place.
We have a huge demand for affordable housing in the area. Any willing developer would make at least R 550 000 clean profit per unit with this development, and they will sell quickly !
We have quality builders that can do the construction at affordable prices eager for such an opportunity.
Okandivi Properties manages development land for companies like Anglorand, Marula mine and EIB trust. We can certainly manage this whole development and construction project for any willing and able investor.
A steal at this price !
Rates And Taxes: 340
Property Reference #: 13969
Agent Details:
Louis A Fourie
Okandivi Properties
Lydenburg, Mpumalanga
Lydenburg
Id Subtitle 1232446839
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Estimated monthly repaymentR 59,604
Total property loan amountR 5,500,000
Total interestR 8,804,934
Total repaymentR 14,304,934
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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Okandivi Properties
Selling for 7+ years
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