Investment Property

R 1,300,000

Can I afford this?
3 months ago69 views
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General Details
Location:
For Sale By:Agency
Description
This massive piece of land is 1.322 ha, and is situated in a quiet area, yet with very much potential. This plot can be used as a great investment to build enough apartments for Sappi workers which is a minute away or another idea of opening a trucking yard company.

Considering the area and size many ideas could be put in place to actually make money. The land is close to many amnesties, local garage, schools and shops.

Roseneath, Craigieburn is situated in the inland part of Umkomaas, and is easy access to and from the N2 Freeway. Craigieburn, has its own amenities. Fully developed Craigieburn has its own schools, superettes, petrol stations and shopping centres, medical practitioners, hardware stores, library, clinic, municipality and lots lots more...and lots more to come.

Definitely an independent functional town!! The area is very serene and peaceful and is surrounded by lush greenery and country living. Craigieburn falls under the Umkomaas area, and reaps the benefits of relaxed coastal Umkomaas.

Umkomaas is well known for its Aliwal Shoal and diving charters. Come and enjoy the treasures of the UNDER WORLD! Lots to do in this area eg golfing, tennis, fishing, bowling, river rafting or just leisure at the beach!! Umkomaas being a famous holiday destination, has all the needs to satisfy its tourist i.e. restaurants, local stores and holiday accommodation, banks etc. Umkomaas is approximately 35 minutes away from Durban and approximately 55 minutes away from Port Shepstone... Best of both worlds!! Its neighbouring towns are Scottburgh and Amanzimtoti, which as well, are fully fledged towns for your convenience. Investing in these areas is well worth it!!

Kindly take note that the information available on this advert has been gathered from different sources. Please also note omissions and errors excepted.

Rates And Taxes: 500
Property Reference #: 10890

Agent Details:
Sasha Ramjan
PROprop
Dura Office Park, Unit 1, 90 Escom Road, New Germany, Durban

Id Subtitle 1257066313
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Estimated monthly repaymentR 14,089
Total property loan amountR 1,300,000
Total interestR 2,081,167
Total repaymentR 3,381,167
Interest rate at 11.75% for 20 years *
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