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Convenience meets potential in this prime location.
R 850,000
Can I afford this?
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13 days ago22 views
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General Details
Location:
Description
This property is nestled on a spacious 1012 square meter plot, offering ample room for various development opportunities. Situated just a stone's throw away from the bustling Southway mall.
While the property requires substantial work, its zoning certificate lays the groundwork for exciting possibilities. Investors have the chance to reimagine and transform this space into a lucrative venture.
DEVELOPMENT OPTIONS:
With its generous size and zoning in place, the property opens doors to a range of development options:
Residential: Develop apartments or townhouses to meet the demand for housing in this sought-after location.
Mixed-Use: Combine commercial and residential spaces for a dynamic, live-work-play environment.
Zoning Certificate:
The included zoning certificate provides invaluable clarity and assurance for investors. It outlines what can be done with the property, ensuring a smooth and compliant development process.
This property's prime location, sizable land, zoning certificate, and proximity to Southway mall make it an enticing investment opportunity.
Investors with a keen eye for potential and a strategic approach to development will find this property to be a gem waiting to shine.
Property Reference #: 11388
Agent Details:
Nerry Pillay
PROprop
Dura Office Park, Unit 1, 90 Escom Road, New Germany, Durban
While the property requires substantial work, its zoning certificate lays the groundwork for exciting possibilities. Investors have the chance to reimagine and transform this space into a lucrative venture.
DEVELOPMENT OPTIONS:
With its generous size and zoning in place, the property opens doors to a range of development options:
Residential: Develop apartments or townhouses to meet the demand for housing in this sought-after location.
Mixed-Use: Combine commercial and residential spaces for a dynamic, live-work-play environment.
Zoning Certificate:
The included zoning certificate provides invaluable clarity and assurance for investors. It outlines what can be done with the property, ensuring a smooth and compliant development process.
This property's prime location, sizable land, zoning certificate, and proximity to Southway mall make it an enticing investment opportunity.
Investors with a keen eye for potential and a strategic approach to development will find this property to be a gem waiting to shine.
Property Reference #: 11388
Agent Details:
Nerry Pillay
PROprop
Dura Office Park, Unit 1, 90 Escom Road, New Germany, Durban
Id Subtitle 1274208497
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Estimated monthly repaymentR 9,212
Total property loan amountR 850,000
Total interestR 1,360,763
Total repaymentR 2,210,763
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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PROprop
Selling for 12+ months
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