8,129m2 Farm Perfect For New Development

R2,900,000
Property Details

Calling All Investors!!

Property with the ability for development! Electrical and water rules and regulations makes it possible for any form of development.

Most properties in the vicinity have been redeveloped into high density residential developments. The general allowable density in the area is 85 units per hectare. This property has the potential to be developed into approximately 72 residential units.

The main building is approximately 65% complete with a total of 7 bedrooms, loads of living rooms and bathrooms is partially complete. A large section requires finishes, fittings, electrical installations, water installation and sewerage installations. The dwellings on the property are as follows:

Roof Concrete tiles on standard pitch timber roof trusses

Ceilings Concrete ceiling panes and plastered ceilings

External Walls Concrete bricks

Glazing Steel door and window frames

Internal walls Plastered and painted bricks and concrete bricks

Floor coverings Ceramic tiles and bare concrete flooring

This property is centrally located in a developing agricultural node just east of the Alberton Business District and just south from the Germiston Central Business District. Jacoba Road is quiet and hosts new development. Close to the Reeff Shopping Centre, all major Freeways and amenities.

Monthly Bond Repayment R29,461.36

Calculated over 20 years at 7% with no deposit.

Property Features
Property Type
House
Bedrooms
7
Bathrooms
3
Garages
1
Land Size
8,129m²
Living Area
3
Costs and Terms
Rates & Taxes
±R191
Location
Make an enquiry
Interested in this property? Please fill in your details below, and we will contact you as soon as possible.
By clicking on "submit" you agree to our privacy policy.
Property Alerts
Receive email alerts for properties matching your criteria.
You may also be interested in these properties
R 2,250,000
House for sale in Albemarle
Family Home In Albemarle
Luxurious 4-bedroom home with modern amenities, pool, Lapa, ample parking, and staff accommodation in Albemarle Residential Estate. Schedule a viewing.
4
2
6
R 2,950,000
House for sale in Albemarle
Reduced
Entertain In Style With This Spacious Family Retreat!
Luxurious family home with 4 bedrooms, modern amenities, extensive security, outdoor entertainment, and self-sufficient water systems. Contact for viewing.
4
3
4
1,980m²
R 2,249,000
House for sale in Klippoortje
Family Home Build To Entertain
Luxurious property with elegant interiors, modern kitchen, spacious bedrooms, outdoor amenities, and entertainment areas on a 2,000 m² stand.
3
2.5
2
2,000m²