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Property - Ad posted by Kelvin
R 7,000,000
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25 days ago96 views
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General Details
Location:
For Sale By:Owner
Description
URGENT DISPOSAL !!!
HIGH-DENSITY DEVELOPMENT OPPORTUNITY
The development site is located approximately 6 km West of Pietermaritzburg CBD in the Msunduzi Local Municipality. The site benefits from easy access to the CBD, N3, hospitals, schools and other amenities. The site is on a taxi route for those that do not have their own transport.
The site is situated on the Eastern slopes of the ridge separating Blackridge residential area from Sweetwaters, Ashdowns and Caluza residential suburbs to the West.
A substantial amount of work has been done by various professionals for a high-density housing development on the site for approximately 660 units.
The work done includes geotechnical reports, site survey details, engineering, architectural drawings and renders.
The planning done to date will be handed over to the successful purchaser.
*** The site (Erf 10215) is ready to be developed with all approvals in place.
Record of Decision
Geotechnical Report
Environmental Impact Assessment
Act 70/70, release from agriculture No Land Claims
Excerpts of the above and additional information are available on request.
Id Subtitle 1278229338
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Estimated monthly repaymentR 75,860
Total property loan amountR 7,000,000
Total interestR 11,206,279
Total repaymentR 18,206,279
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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Kelvin
Selling for 4+ years
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