NEW
Web Ref RL6576
R1,195,000
Monthly Bond Repayment R12,131.98
Calculated over 20 years at 10.75% with no deposit.
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Monthly Rates
R1,607
R1,607
Investment Opportunity
Investment Opportunity
This property presents a prime investment opportunity, ideally located just off Lilian Ngoyi Road.
Currently tenanted, the property requires full renovations—perfect for a buyer looking to customize for personal use or to develop into a high-yield investment.
Development Proposal:
The current owners have proposed an exciting redevelopment plan for a four-storey building comprising:
Ground Floor: 16 secure parking bays
Floors 1–3: 14 self-contained micro units per floor (totaling 42 units)
Each unit is approximately 18 sqm and includes an en-suite bathroom and kitchenette. The layout is highly adaptable and ideal for student accommodation or bachelor rentals.
Project Status:
Land Use Management approval obtained
Currently under review by the Development Applications and Approvals Department
Construction drawings and engineer specifications are completed, streamlining the next steps
The appointed architect and engineer are available to assist with the final submission process—fees to be discussed with interested parties.
Municipal Rates: R1,607
This is a turnkey development opportunity with all the groundwork laid—ready to proceed post-approval.
This property presents a prime investment opportunity, ideally located just off Lilian Ngoyi Road.
Currently tenanted, the property requires full renovations—perfect for a buyer looking to customize for personal use or to develop into a high-yield investment.
Development Proposal:
The current owners have proposed an exciting redevelopment plan for a four-storey building comprising:
Ground Floor: 16 secure parking bays
Floors 1–3: 14 self-contained micro units per floor (totaling 42 units)
Each unit is approximately 18 sqm and includes an en-suite bathroom and kitchenette. The layout is highly adaptable and ideal for student accommodation or bachelor rentals.
Project Status:
Land Use Management approval obtained
Currently under review by the Development Applications and Approvals Department
Construction drawings and engineer specifications are completed, streamlining the next steps
The appointed architect and engineer are available to assist with the final submission process—fees to be discussed with interested parties.
Municipal Rates: R1,607
This is a turnkey development opportunity with all the groundwork laid—ready to proceed post-approval.
