Web Ref RL935556
R1,050,000
Monthly Bond Repayment R11,197.51
Calculated over 20 years at 11.5% with no deposit.
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Monthly Rates
R925
R925
Prime Development Opportunity for Multiple Units
Rezoned from Agricultural to General Residential Zone 3, this property is perfect for developers looking to maximize high-density, single-family accommodations.
Key Features:
- Zoning Purpose: Ideal for multiple dwelling units, allowing for high-density living.
- Approved Plans: Includes plans for 2 existing units, with the potential for additional units. Purchasers can submit plans to the municipality for further development.
- Existing Income: Currently, the property features 2 ground-level units, each offering:
2 bedrooms with built-in cupboards
1 bathroom (bath, basin, and toilet)
Open-plan kitchen and lounge
Combined monthly rental income: R8,000
- Low Maintenance: Designed for ease of management and tenant appeal.
Why Invest?
With rezoning already in place, this is a hassle-free opportunity to create high-density housing in a sought-after area. Whether you're building more units or expanding the current footprint, the potential for high returns is significant.
Don't miss this chance to unlock the full potential of this property!
Key Features:
- Zoning Purpose: Ideal for multiple dwelling units, allowing for high-density living.
- Approved Plans: Includes plans for 2 existing units, with the potential for additional units. Purchasers can submit plans to the municipality for further development.
- Existing Income: Currently, the property features 2 ground-level units, each offering:
2 bedrooms with built-in cupboards
1 bathroom (bath, basin, and toilet)
Open-plan kitchen and lounge
Combined monthly rental income: R8,000
- Low Maintenance: Designed for ease of management and tenant appeal.
Why Invest?
With rezoning already in place, this is a hassle-free opportunity to create high-density housing in a sought-after area. Whether you're building more units or expanding the current footprint, the potential for high returns is significant.
Don't miss this chance to unlock the full potential of this property!
Features
Pets Allowed
No
Interior
Bedrooms
4
Bathrooms
2
Kitchen
2
Reception Rooms
2
Furnished
No
Exterior
Security
No
Pool
No
Sizes
Land Size
2,312m²
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Manor Heights, Despatch
Welcome to Despatch, a welcoming town known for its close-knit community, scenic surroundings, and rich history. Despatch offers residents a peaceful lifestyle within easy reach of urban amenities.Explore the quaint streets of Despatch as you discover its blend of old-world charm and modern convenience. The town's architecture reflects its diverse heritage and evolving character, from historic buildings that harken...
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