Attractive Development Opportunity in Bantry Bay

R 18,500,000

Can I afford this?
1 year ago170 views
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Exclusive Mandate

Tyson Properties is excited to introduce this fantastic development opportunity, located in a prime position.

Currently set-up as a guest house with 7 bedrooms and 8 bathrooms - this property can easily be scaled up into a multi-level block or refreshed into a boutique guest house or even a family home.

Situated on a corner plot, with GR4 Zoning, the property is ready to maximise its views, profitability and potential.

Multiple completed and on-going developments are positioned very close by, showing a strong demand for new properties in this area and a growing precedent.

Get in touch for more info!

Has Pool
Property Reference #: TPR3501

Agent Details:
Jason Morris
Tyson Properties
253 Main Rd
Sea Point
8060

Id Subtitle 1192972101
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Estimated monthly repaymentR 200,486
Total property loan amountR 18,500,000
Total interestR 29,616,594
Total repaymentR 48,116,594
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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