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Plot of land with endless possibilities

R 4,495,000

Can I afford this?
7 months ago54 views
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General Details
For Sale By:Agency
Dwelling Type:House
Bedrooms (#):5
Bathrooms (#):2
Parking:Garage
Description
Introducing a lucrative opportunity on a vast plot of land with endless possibilities. This expansive property has the potential to be zoned for residential use, offering two options for development. With the res 3 zoning, the land can accommodate an impressive 102 units. Alternatively, opting for res 2 zoning would still allow for the construction of 68 units.

Currently, there are two existing houses on the property. The first house offers two bedrooms, a spacious lounge, a well-equipped kitchen, and a full bathroom complete with both a shower and a bath. The second house boasts three bedrooms, lounge kitchen abs and bathroom These houses are conveniently connected and can easily be transformed into one large home, featuring a total of five bedrooms.

This remarkable property presents a multitude of opportunities for potential buyers. Whether you are an investor looking to capitalize on the land's potential or seeking to create your dream home on a generous piece of land, this property offers abundant possibilities. Don't miss out on the tremendous potential that awaits on this expansive plot.

Property Reference #: 2209149

Agent Details:
Thandi Mulaudzi
O-YES Properties
1st Floor, Block D Homestead Park, 37 Homestead Road, Rivonia, Sandton

Id Subtitle 1287721860
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Estimated monthly repaymentR 48,713
Total property loan amountR 4,495,000
Total interestR 7,196,032
Total repaymentR 11,691,032
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O-YES Properties
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