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R795,000

R795,000

370m² Vacant Land For Sale in Orlando West
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370m² Vacant Land For Sale in Orlando West

Web Ref. CEWR-6393
Land size 370.00 m²
Monthly Bond Repayment
R7,421.17
1) *Location, location, location.*

- Stand is located within the Tourism Node/Area in Orlando West.
- The stand is 2 to 3 minutes drive from Vilakazi Street/Prescient. About 10 minutes walk to Vilakazi Prescient.
- The area has been declared a heritage site, thus making it a very valuable international area.
- The stand is in a prime area.
- The stand is opposite a park for bizness customers, visitors etcetera.
- The stand is on a bizy Main Road. So, transport is fully accessible.

2) *Zoned for Business* .

- Property Zoned for business. No zoning delays and costs to be incurred. A huge savings.
- You can build restaurant, pub, student accommodation, church, BNB or any bizness.
- Investor can rent the land out for passive income.

3) The commercial land is *Zoned for 3 storeys* . So one can build up as they wish.

4) *Stand is in a high demand area due to land scarcity in Soweto.*

5) *Convenience, Safety and Accessibility* . Land is 1 minutes away from JMPD and SWGC (Southwest Gauteng College).

- Student accommodation can be built for SWGC, UJ and surrounding colleges

- Potential R144 000 monthly income as student accommodation or flats nased on the following calculations:
- Ground level can accommodate 18 students receiving estimated R4k from Nsfas. So that - R4k x 18 students x 2 (storeys) = R144k monthly potential.

6) *This property is an immediate "Appreciating Asset".*

- It keeps growing in value. In addition to being in a Tourist area.

7) The stand/land/property is protected as it's next to JMPD.

8) The land is evaluated at R1.1m and the selling price is at a discount.

9) The street name bears the iconic " *Mandela Name* ". That in itself is unquantifiable value.
Monthly Levy R1,200

Features

Zoning
Commercial
Sizes
Land Size 370 m²
Listing Info
Date Listed 02-07-25
Time Listed 06:33

Orlando West, Soweto

On the border of the city of Johannesburg’s mining belt in the south, likes the trendy and vibrant Soweto. Although the name Soweto is an abbreviation for South Western Townships, this metropolitan area, filled with diverse cultures, hardly fits the stereotypical definition of a township anymore. It is rumoured that there are more millionaires living in Soweto than anywhere else in South Africa. Soweto is also the richest in South Africa when it comes to history. Klipspruit was the first suburb to be established in 1904, when apartheid began spreading with massive force. Initially this first suburb was created to segregate the population on racial grounds. Since then, apartheid has crumbled and Soweto has evolved into a thriving...
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    While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.