4,395m² Vacant Land For Sale in Reservoir Hills

R160,000

Monthly Bond Repayment R1,706.29
Calculated over 20 years at 11.5% with no deposit.

Web Ref No CMNT-0926

Discounted Development Land for Sale Palmiet

Discounted Development Land for Sale Palmiet

Do you want to build to rent?

This land is suited for a build to rent an investor. Plans exist for sectional title units. Cost-effective development is ideal for the lower third of the stand. The stand has 2 accesses, at top and at the bottom (Cartwood Place) and is on a cul de sac in the valley. It may be possible to utilize light commercial purposes. Established neighbours with home-based enterprises may be complimentary. It is near to religious centers, schools, and bus routes. It is not suited to student accommodation.

The land is narrow and long, not suited for heavy vehicles and equipment. the top part has views and a non-perennial watercourse runs across the top, and down the north side, without risk of waterlogging or flooding.

Greatly reduced in price for a quick sale.