PRIME POSITION - PRIME DEVELOPMENT OPPORTUNITY

R 6,495,000

Can I afford this?
1 year ago151 views
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For Sale By:Agency
Description
PRIME POSITION - PRIME DEVELOPMENT OPPORTUNITY - Located in a prestigious suburb, this prime property offers a once-in-a-lifetime opportunity for your dream home or an exclusive development. Negotiating offers from R5 900 000, asking R6 495 000.

With almost 5000 sqm of prime land, this stunning property is ideal for building a signature home or creating a secure complex/estate.

This property is situated on a boomed-off avenue and provides a coveted location near major routes, Gautrain stations, shopping centers, renowned schools, and places of worship in Sandton, Bryanston, Hyde Park, and Rosebank.

REZONING APPLICATION IN TERMS OF SECTION 21 OF THE CITY OF JOHANNESBURG MUNICIPAL BY-LAW, 2016, READ IN CONJUNCTION WITH THE SPATIAL PLANNING AND LAND USE MANAGEMENT ACT, 2013, (ACT 16 OF 2013) WILL ALLOW REZONING FROM RESIDENTIAL 1 TO RESIDENTIAL 2 (CLUSTERS).

The property's potential is exceptional, with the possibility of developing 8 freestanding clusters (A height of two storeys will be supported).

Electricity and water are already installed, offering convenience and excellent development prospects.

Whether you envision your dream home or a luxury complex, this property is a blank canvas awaiting your creative vision. Don't miss this rare opportunity to own prime real estate in a prestigious suburb.

Act quickly as opportunities like this are extremely rare - Contact me now for a personal viewing and turn your dream home or development into a reality.

Property Reference #: RL16488

Agent Details:
Ziel Bergh
Firzt Realty (Pty) Ltd
44 Glenhove Road
Melrose Estate
Johannesburg

Id Subtitle 1150048093
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Estimated monthly repaymentR 70,387
Total property loan amountR 6,495,000
Total interestR 10,397,826
Total repaymentR 16,892,826
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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Firzt Realty (Pty) Ltd
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