R7,700,000
R7,700,000
Monthly Bond Repayment R83,445.44
Calculated over 20 years at 11.75% with no deposit.
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Vacant Land/Plot for sale in Kingsburgh
Fantastic Development opportunity
Fully serviced land for 110+ affordable townhouse development. EIA approval obtained situated in kingsbourgh.Only R65 000 per building and open for several payment options !
The stands are fully proclaimed, serviced and zoned - which means that a new developer only have to submit working drawings (building plans) to council and they can start construction.
The lay-outs attached shows 88 units on erf 2956 and 110 on erf 2954. The architect made all the units the same size for the purpose of the EIA application. A new developer can use this architect or appoint their own to do detailed working drawings (building plans) with a mix in sizes and they will be able to fit more units in, probably up to 300.
Doon Heights in Kingsburgh is a lower middleclass area, and to make it possible for developers to develop affordable units below R950 000 each, the owners are asking for R65 000 per building opportunity - thus - R8 mil for 2954 and R6.5mil for 2956.
Erf 2954: 110 Units
Parking bays:179
Open space area 30 388m2
Development area: 13132m2
Price R 8 000 000
Erf 2956: 90 Units
Parking bays: 165
Open space :20 462m2.
Development area :9622m2
Price R 6 500 000
These 2 stands can be purchased separately.
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