R1,170,000
Monthly Bond Repayment R12,076.60
Calculated over 20 years at 11.0% with no deposit.
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Excellent Development Opportunity for Multiple Units
This property has been rezoned from Agricultural to General Residential Zone 3, making it an ideal investment for developers aiming to create high-density, single-family housing.
Key Highlights:
Zoning Advantage: Suitable for multiple dwelling units, making high-density living possible.
Approved Building Plans: Includes designs for two existing units, with the potential for further expansion.
Buyers can submit additional plans for approval.
Current Rental Income: The property currently has two ground-floor units, each featuring:
2 bedrooms with built-in cupboards
1 bathroom (bathtub, basin, and toilet)
Open-plan kitchen and lounge
Total monthly rental income: R8,000
Low Maintenance: Designed for easy management and long-term tenant appeal.
Why Invest?
With rezoning already completed, this is a seamless opportunity to develop high-density housing in a sought-after location. Whether you plan to construct more units or extend the existing ones, this property offers great potential for high returns.
Don’t miss out on this prime investment opportunity!
