Commercial - Ramsgate Development - Margate

18 LUXURY APARTMENTS

BLOCK 1 – EXISTING
? Ground floor to be completed
? Requires slab
? Top floor still to be built
? 5 units in Block 1 (4 x 3 beds / 3 baths; 1 x 2 beds / 2 baths)

? BLOCK 2 – EXISTING
? Building structure and plastering done
? Finishes to be completed
? 4 units in Block 2 (4 x 3 beds / 3 baths

? BLOCK 3 – EXISTING
? Structure is completed
? Tiling and finishes to be completed
? 5 units in Block 3 (4 x 3 beds / 3 baths; 1 x 2 beds / 2 baths)

? BLOCK 4 – NOT BUILT AS YET
? Still to be constructed from start
? 4 units in Block 4 (4 x 3 beds / 3 baths

? The site is serviced
? Driveways are cut and paved
? The property for sale “as is” incomplete is R6 825 000 including the adjacent
property being ERF 1497 IN EXTENT 3300 m2, PARK AVENUE
The development on ERF 1498 delivered as a completed project with 18 units will
cost an additional R6 000 000
? TOTAL FINISHED COST FOR 18 UNITS PLUS THE ADJACENT PROPERTY IS R12 000 00 (Proposed)

SUMMARY OF SALE:
? SALE OF ERF 1498 IN EXTENT 4700 m2 PLUS ERF 1497 IN EXTENT 3300 m2 WITH
THE DEVELOPMENT AS IS (INCOMPLETE) R6 825 000
? TOTAL DEVELOPMENT DELIVERED COMPLETE WITH 18 UNITS AND BOTH
PROPERTIES R6 825 000

Property Reference #: 14477

Agent Details:
Sfiso Mavundla
Okandivi Properties
Lydenburg, Mpumalanga
Lydenburg