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A Development Opportunity Awaits- Partially Developed & Income Earning
R 8,000,000
Can I afford this?
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3 months ago101 views
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General Details
Location:
For Sale By:Agency
Description
This Partially Developed Property has so much to offer an investor or developer, set in the heart of Uvongo this property could not be more centrally located to the popular amenities & schools in the area, and it has beautiful sights- distant seaviews and the Uvongo River running through the property with gorgeous river frontage plus a private ‘beach” area, potential for some lovely nature walks making it a gorgeous scenic property for a lifestyle estate, retirement village or a good option for some form of farming…these are just a few ideas.
This property is an Income earner with current rental properties made up of 10 duplex flats as well as 3 homes/cottages which are all presently rented out and then there is the main house where the owners live which could also be rented out if one wanted.
Eskom & Water services presently on site ready for development:
-Big 3 phase Eskom transformer big enough for a major development
-50mm UGU water main. Road system already in place.
-Sewage system
-Electrical system with individual meters to 9 sites- plans drawn with roads & separate sites.
-Perimeter electric fencing and Electric gates.
-River frontage and private beach area at the river.
PLEASE NOTE
This entire property has been subdivided into 3 plots. A buyer has the opportunity to buy all 3 for the price of R10,5 million, or they can consider buying just one of the plots. This particular plot is a partially developed property which has plans drawn to 9 sites, all services are in place and its is zoned for medium density housing. This is on the market for R2,2 million.
Zoning:
Erf 2394 Medium Density Housing
Erf 2370 Flat Zoning
Erf 1971 Farming
Property Reference #: TPR3107
Agent Details:
Nicola Eaton Gutzeit Team Twinning
Tyson Properties
112 Main Road
Shelly Beach
KZN South Africa
4270
This property is an Income earner with current rental properties made up of 10 duplex flats as well as 3 homes/cottages which are all presently rented out and then there is the main house where the owners live which could also be rented out if one wanted.
Eskom & Water services presently on site ready for development:
-Big 3 phase Eskom transformer big enough for a major development
-50mm UGU water main. Road system already in place.
-Sewage system
-Electrical system with individual meters to 9 sites- plans drawn with roads & separate sites.
-Perimeter electric fencing and Electric gates.
-River frontage and private beach area at the river.
PLEASE NOTE
This entire property has been subdivided into 3 plots. A buyer has the opportunity to buy all 3 for the price of R10,5 million, or they can consider buying just one of the plots. This particular plot is a partially developed property which has plans drawn to 9 sites, all services are in place and its is zoned for medium density housing. This is on the market for R2,2 million.
Zoning:
Erf 2394 Medium Density Housing
Erf 2370 Flat Zoning
Erf 1971 Farming
Property Reference #: TPR3107
Agent Details:
Nicola Eaton Gutzeit Team Twinning
Tyson Properties
112 Main Road
Shelly Beach
KZN South Africa
4270
Id Subtitle 1259347583
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Estimated monthly repaymentR 86,697
Total property loan amountR 8,000,000
Total interestR 12,807,176
Total repaymentR 20,807,176
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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Tyson Properties
Selling for 3+ years
Total Ads173
Active Ads173
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