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Prime 1.43 ha Development Opportunity: Ideal for Investors and Developers
R 15,000,000
Can I afford this?12 Photo(s)
8 months ago257 views
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General Details
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For Sale By:Agency
Description
This rare 1.43-hectare property is a prime investment opportunity for developers and investors seeking exceptional potential. Located in a highly desirable area perfect for residential development, this property features two houses—each with a pool (one indoors)—and four fully rented flats, providing immediate rental income.
The land’s true value lies in its expansive space and strategic location, enhanced by access to natural water sources including a borehole and spring. The property is already well-positioned for development, with applications for "Consent Use" as a "Place of Instruction" underway and critical reports on stormwater management, construction feasibility, and traffic impact completed.
Situated near key amenities like the Dischem Centre and M&T Business Park, this property combines convenience with unmatched potential for growth. Don’t miss out on this unique opportunity to develop in a sought-after area with significant return prospects. Act now to secure this valuable asset!
Property Reference #: RNR19842
Agent Details:
Bees Roux
RealNet Properties
Block 12, Ground Floor
Boardwalk Office Park
Eros Street
Faerie Glen
The land’s true value lies in its expansive space and strategic location, enhanced by access to natural water sources including a borehole and spring. The property is already well-positioned for development, with applications for "Consent Use" as a "Place of Instruction" underway and critical reports on stormwater management, construction feasibility, and traffic impact completed.
Situated near key amenities like the Dischem Centre and M&T Business Park, this property combines convenience with unmatched potential for growth. Don’t miss out on this unique opportunity to develop in a sought-after area with significant return prospects. Act now to secure this valuable asset!
Property Reference #: RNR19842
Agent Details:
Bees Roux
RealNet Properties
Block 12, Ground Floor
Boardwalk Office Park
Eros Street
Faerie Glen
Id Subtitle 1293131201
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Estimated monthly repaymentR 162,557
Total property loan amountR 15,000,000
Total interestR 24,013,455
Total repaymentR 39,013,455
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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Selling for 11+ months
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