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Development Opportunity – 160 Units

R 17,000,000

Overview

Property Description

Property Developers & Investors

This opportunity offers approximately 160 single residential opportunities on 7ha of developable land. Density could be increased 210 units at 30u/ha.

Consumer demand: 3 Bedrooms, 1,5 bathrooms, 2x garages – 160-175sqm.
Selling stands at R950,000 – R1,25m with a choice of building plans, offering various sizes and designs.

A basic, preliminary feasibility study estimates an EBIT of between R45-R50m on selling the stands – excluding revenue from construction.

20% deposit on trust required on signature, balance on registration.
Selling price: R17m plus VAT/transfer duty (R106,250 per unserviced opportunity)

Sale: Outright, no “structured deals”.
*File photos

Other Features
Assets Included
Property Id : 2908
Price: R 17,000,000

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Trevor Young [MACYOUNG]- BComm(LAW)