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Development land in the heart of Paarl!
R 7,380,000
Can I afford this?7 Photo(s)
1 month ago59 views
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General Details
Location:
For Sale By:Agency
Description
DEVELOPERS - Unique opportunity to invest in a a prime piece of 2428m² land. "
This corner erf is well positioned in the CBD close to Medical Facilities and in walking distance to amenities. It is currently
zoned Neighborhood Business Zone, with consent for use as a "Warehouse Facility" with many other possible uses.
With the shortage of housing close to town and transport, this will be perfect for a Residential Development.
Warehouse one is ² 500m², mostly a zinc building. The second Warehouse is brick and larger than the first Warehouse.
The plot, with stunning views in every direction, is fenced with more than 1000m² of vacant land to develop.
Although they fall under heritage, the local Municipality will look favorable at other uses, such as:
1. Apartment building
2. Business 2000m²
3. Community Care facility or Conference Facility
4. Community residential
5. Dwelling house
6. Indoor sport or Function venue
7. Lodging accommodation
8. Place of assembly
9. Place of instruction
10. Public Institution
11. Second dwelling house
12. Third dwelling unit
13. Vehicle sales
14. Visitors accommodation
15. Gambling
16. Healthcare facility
17. Hostel
18. Hotel
19. Mortuary
20. Place of entertainment
21. Vehicle services
22. Warehouse
23. House Shop
24. Informal trading
25. Non-motorized transport
26. Utility services
Do NOT be fooled by different offerings and prices - this is what the Seller will consider...
Just a thought - Paarl is in need of more Frail Care Facilities, Dementia Centers etc....
Development land of this size, price and position is worth looking into!
Property Reference #: CCC49
Agent Details:
Barbara Strydom
Cape Coastal Homes
Shop 9, Melcksloot Village, Cnr of Reese Road & De Beers Avenue, Somerset West, 7130
This corner erf is well positioned in the CBD close to Medical Facilities and in walking distance to amenities. It is currently
zoned Neighborhood Business Zone, with consent for use as a "Warehouse Facility" with many other possible uses.
With the shortage of housing close to town and transport, this will be perfect for a Residential Development.
Warehouse one is ² 500m², mostly a zinc building. The second Warehouse is brick and larger than the first Warehouse.
The plot, with stunning views in every direction, is fenced with more than 1000m² of vacant land to develop.
Although they fall under heritage, the local Municipality will look favorable at other uses, such as:
1. Apartment building
2. Business 2000m²
3. Community Care facility or Conference Facility
4. Community residential
5. Dwelling house
6. Indoor sport or Function venue
7. Lodging accommodation
8. Place of assembly
9. Place of instruction
10. Public Institution
11. Second dwelling house
12. Third dwelling unit
13. Vehicle sales
14. Visitors accommodation
15. Gambling
16. Healthcare facility
17. Hostel
18. Hotel
19. Mortuary
20. Place of entertainment
21. Vehicle services
22. Warehouse
23. House Shop
24. Informal trading
25. Non-motorized transport
26. Utility services
Do NOT be fooled by different offerings and prices - this is what the Seller will consider...
Just a thought - Paarl is in need of more Frail Care Facilities, Dementia Centers etc....
Development land of this size, price and position is worth looking into!
Property Reference #: CCC49
Agent Details:
Barbara Strydom
Cape Coastal Homes
Shop 9, Melcksloot Village, Cnr of Reese Road & De Beers Avenue, Somerset West, 7130
Id Subtitle 1269329481
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Estimated monthly repaymentR 79,978
Total property loan amountR 7,380,000
Total interestR 11,814,620
Total repaymentR 19,194,620
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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