1800m2 UNDER-ROOF PROPERTY SUITABLE FOR RESIDENTIAL CONVERSION OR INDUSTRIAL OWNER-OCCUPIER

R 2,800,000

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2 years ago587 views
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General Details
Description
Conveniently situated among LSM Residential Accommodation and Student Accommodation
properties, within a node with a High Demand.

Close to all the relevant amenities to support low cost rentals; University of Johannesburg Doornfontein campus; and many other Educational facilities.

Many of the surrounding properties in the area are being redeveloped to sustain the high demand of Student Accommodation and LSM Housing.
This property is 4 storeys high, housing 5 toilets & shower rooms; 1 storeroom ; 1 kitchen; and a car garage. The property has 3-phase power, and a goods lift.

The owner is not VAT registered so transfer duty is applicable.

Property Reference #: SD1800DO

Agent Details:
Khumo Molefe
Officeplace
API House
Ground floor
85 Wessel Road
Rivonia

Id Subtitle 1068024224
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Estimated monthly repaymentR 30,344
Total property loan amountR 2,800,000
Total interestR 4,482,512
Total repaymentR 7,282,512
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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Officeplace
Selling for 6+ years
Total Ads3.78K
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