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DEVELOPMENT LAND FOR A STEAL
R 6,500,000
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4 months ago250 views
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General Details
Location:
For Sale By:Agency
Description
This 8,5ha vacant land is found in Olivenhoutbosch Farm on the borders of the Cities of Tshwane and Johannesburg. It is located along Jakalasi Street and can be accessed either from Summit Road or R55, turn left and approximately 55m from the Olievenhoutbosch Shopping Centre.
The City of Johannesburg has approved the development of 372 units on the property consisting a total of 124 units @ 106sqm and 248 @ 77sqm. There is wetland measuring 1.6ha on the property and as we may be aware , the presence of wetland serves as a contributory economic driver as crops and other plants are receptable to the feature. It also serves as conserver of water during rainy season and protects soil erosion.
The 3 x buildings on the property are currently rented out to a private school which we consider to be a deterrent to potential vandalim by the neighbouring informal settlement.
Eskom electricity is functional on the land including a borehole and sewerage connection is about 400m from the property.
Call me to arrange viewing
Property Reference #: RL4210
Agent Details:
Bokaba Maluleka
Vartrust Real Estate
Kutoroka
Scorpion Trail
Midrand
The City of Johannesburg has approved the development of 372 units on the property consisting a total of 124 units @ 106sqm and 248 @ 77sqm. There is wetland measuring 1.6ha on the property and as we may be aware , the presence of wetland serves as a contributory economic driver as crops and other plants are receptable to the feature. It also serves as conserver of water during rainy season and protects soil erosion.
The 3 x buildings on the property are currently rented out to a private school which we consider to be a deterrent to potential vandalim by the neighbouring informal settlement.
Eskom electricity is functional on the land including a borehole and sewerage connection is about 400m from the property.
Call me to arrange viewing
Property Reference #: RL4210
Agent Details:
Bokaba Maluleka
Vartrust Real Estate
Kutoroka
Scorpion Trail
Midrand
Id Subtitle 1250933297
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
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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Vartrust Real Estate
Selling for 7+ years
Total Ads294
Active Ads294
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