Monthly Bond Repayment R69,317.93
Calculated over 20 years at 11.5% with no deposit.
Web Ref No CBNN-6969
Res 3 Zoned Development Land for sale in Cloverdene
2.24 Ha Land for +- 179 Units @ R40 000/ Per Opportunity. Besides the house there are 3 existing flatlets which generate an excessive R 13 000pm rentals.
Prime Land - Zoned for DEVELOPMENT - Perfect Location!
Approvals: Zoning - Res 3 Up to 80 units per Ha. Approved Conditions of Establishment and Township. Environmental Impact. Geo Tech Support.
The development land offers over 178 Res 3 opportunities. Further documentation and info available, but as per seller's instruction info will only be released on receipts of a company profile. Bulk contributors/services for purchaser account. All services are available. Purchase price - R 5 285 000. NB! Outright purchase - No joint ventures will be considered. close to all central routes and OR Tambo International Airport. There are major residential developments taking place in the area. There are top healthcare facilities, libraries and schools available as well as a variety of shopping centers. For other family entertainment, there are plenty of sporting facilities available. The comments from the Municipality were definitely to link to the closest water-borne sewer system. The same will be down Cloverdene road and link in Ninth Road (exiting bulk-line). Remember there is opportunity to subtract this expenditure from bulk contributions and even negotiate with others that wants to ink on the bulk-line to contribute.