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N3 Development Potential - Well located Land at Major intersection on N3 Corridor
R 9,950,000
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13 days ago27 views
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Description
Situated at the N3 / Lynnfield Park interchange this land parcel of 26ha is well positioned for future development.
Excellent access off the N3.
With 8ha of land released for development and an approved authorization for a shopping centre and Hotel development this property has phenomenal potential. Once rezoned a Petrol Station / One Stop could be added to the footprint to make this an invaluable property.
Once the highway upgrades are completed and with the rapidly developing residential areas in the immediate vicinity, the opportunity to secure land in such a prime position rarely happens.
Ownership is in a property holding entity which facilitates ease of transfer.
Property Reference #: 7002001-48058
Agent Details:
David Rigby
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Excellent access off the N3.
With 8ha of land released for development and an approved authorization for a shopping centre and Hotel development this property has phenomenal potential. Once rezoned a Petrol Station / One Stop could be added to the footprint to make this an invaluable property.
Once the highway upgrades are completed and with the rapidly developing residential areas in the immediate vicinity, the opportunity to secure land in such a prime position rarely happens.
Ownership is in a property holding entity which facilitates ease of transfer.
Property Reference #: 7002001-48058
Agent Details:
David Rigby
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274193626
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Estimated monthly repaymentR 107,829
Total property loan amountR 9,950,000
Total interestR 15,928,925
Total repaymentR 25,878,925
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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EXP Realty
Selling for 2+ years
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