R1,800,000
R1,800,000
Monthly Bond Repayment R19,506.73
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
Monthly Rates
R250
R250
Investment Property!
Build you retirement today!!
The zoning, together with approved building plans, paves your way for building 12 apartments (4x 3-bedroom; 8x 2-bedroom)
Located about halfway between a primary school and the Brits CBD, this property is zoned "special residential". Training Centre/Collage close buy. In this very lively rental market, there is good money to be made! The stand behind this one already has an apartment complex on it. Of course, with all the businesses around this property, one can always decide to modify and extend the current buildings and establish your own business there - you will have more than enough office and/or shop space!
The current building is in need of some work, Tha value of this property lies in the potential to develop the land.
Stand size 1115 square metres, consist of:
- House (220 sq m): 3 bedrooms, 3 bathrooms, Kitchen, dining room and lounge.
- 2x apartments: 2 bedrooms, one bathroom, kitchen, lounge.
- Single garage
Features
Interior
Bedrooms
3
Bathrooms
2.5
Kitchens
1
Reception Rooms
2
Exterior
Garages
1
Flatlet
2
Sizes
Floor Size
300m²
Land Size
1,115m²
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