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5.5 ha PRIME DEVELOPMENT land for sale between William Nichol and Mnandi road !!!!
R 10,000,000
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General Details
Location:
For Sale By:Agency
Description
CALLING ALL DEVELOPERS AND INVESTORS TO ERECT FLATS ( High Density)OR MEDIUM TO LOW COST HOUSING!! 10km FORM FOUR WAYS
CURRENT Income potential +-R 65 000.00 per month while waiting for development to proceed.
The ZONING are permitted for medium to low cost housing. The purchaser must apply for the Township approval and Zoning of the property. Should the property be demolished, the seller would salvage rights of the building material - at a agreed price.
The premises is tailored to affordable housing for residence/ employees in the fast growing Midrand, River sands Commercial Park and Fourways areas.
Generate and Income of +- R60 000.00 while you planning the DEVELOPMENT and ZONING of this property.
The property consist of: - LEASES IN PLACE
1 x 2 Bedroom house - R 9000.00
1 x 2 Bedroom Flat - R 7 000.00
1 x 2 Bedroom Flat - R 6 000.00
1 X 3 Bedroom house - R 11 000.00
1 x 2 Bedroom BARN house - R 9 000.00
1 x 2 Bedroom flat - R 6 500.00
2 x 1 Bedroom flats - R 5 000.00
Workshops and an office rented out to 4 small businesses. - R 10 000.00
4 Garages, 4 carports, swimming pool and entertainment area. Excellent security, Borehole.
For viewing and more information, please contact Mariette Kennedy
# Parking: 4
Has Garden
Property Reference #: 1981536
Agent Details:
Mariette Kennedy
ZA Prop JHB South
99 True North Road, Mulbarton
CURRENT Income potential +-R 65 000.00 per month while waiting for development to proceed.
The ZONING are permitted for medium to low cost housing. The purchaser must apply for the Township approval and Zoning of the property. Should the property be demolished, the seller would salvage rights of the building material - at a agreed price.
The premises is tailored to affordable housing for residence/ employees in the fast growing Midrand, River sands Commercial Park and Fourways areas.
Generate and Income of +- R60 000.00 while you planning the DEVELOPMENT and ZONING of this property.
The property consist of: - LEASES IN PLACE
1 x 2 Bedroom house - R 9000.00
1 x 2 Bedroom Flat - R 7 000.00
1 x 2 Bedroom Flat - R 6 000.00
1 X 3 Bedroom house - R 11 000.00
1 x 2 Bedroom BARN house - R 9 000.00
1 x 2 Bedroom flat - R 6 500.00
2 x 1 Bedroom flats - R 5 000.00
Workshops and an office rented out to 4 small businesses. - R 10 000.00
4 Garages, 4 carports, swimming pool and entertainment area. Excellent security, Borehole.
For viewing and more information, please contact Mariette Kennedy
# Parking: 4
Has Garden
Property Reference #: 1981536
Agent Details:
Mariette Kennedy
ZA Prop JHB South
99 True North Road, Mulbarton
Id Subtitle 1279619433
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Estimated monthly repaymentR 108,371
Total property loan amountR 10,000,000
Total interestR 16,008,970
Total repaymentR 26,008,970
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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ZA Prop JHB South
Selling for 2+ years
Total Ads1.20K
Active Ads1.20K
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