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Development/ Investment opportunity OF NOTE!
R 4,900,000
Can I afford this?17 Photo(s)
13 days ago24 views
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General Details
Location:
For Sale By:Agency
Description
This is truly a fantastic development opportunity for someone with business sense and vision. This realistically priced property is in the BEST POSITION , right at the new offramp from the N2 - the latter in process of construction. This is going to be THE ONLY entrance into Port Edward, so you could not wish for better visibility for your business or any development you would like to pursue. This stunning terraced property is perched on a hill with sweeping ocean views. Should you want to develop a housing estate, plans have already been drawn up for 12 ADDITIONAL houses. The very popular Banners Rest retirement village is the direct neighbour. Though the property is currently still zoned as agricultural, it is well in the process of being rezoned for commercial/ residential / mixed use.
For the past 9 years, this property has been used as business premises for Jesjo Construction. The very spacious house is open plan with plenty of space to run any business from or even to be used as accomodation while develeping the rest of the property. The are 2 income producing flatlets and many outbuildings and storage space. The whole property has been fenced off and is well secured with state of the art security systems. There is also an adequate 5000 l back up water tank.
Please do not hesitate to contact me to view this superb property.
Property Reference #: 7002001-47282
Agent Details:
Linda Blom
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
For the past 9 years, this property has been used as business premises for Jesjo Construction. The very spacious house is open plan with plenty of space to run any business from or even to be used as accomodation while develeping the rest of the property. The are 2 income producing flatlets and many outbuildings and storage space. The whole property has been fenced off and is well secured with state of the art security systems. There is also an adequate 5000 l back up water tank.
Please do not hesitate to contact me to view this superb property.
Property Reference #: 7002001-47282
Agent Details:
Linda Blom
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274196985
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Estimated monthly repaymentR 53,102
Total property loan amountR 4,900,000
Total interestR 7,844,396
Total repaymentR 12,744,396
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
Total Ads7.26K
Active Ads7.26K
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