55.8 ha Land available in Bon Accord

R 11 730 000

Casper Becker

ERA-Northern Pretoria

55.8 ha Land available in Bon Accord

R 11 730 000

Land Area 56 ha
Rates R 600

Developers and investors dream. This property of 55.86 Hectares with 5 title deeds is over looking Wonderboom Airport. This prime land in Northern Pretoria is perfectly situated for residential or industrial development. The land sizes start from 9.5 hectares up to 25.8 hectares with a total of 55.86 hectares. The prices range from R 1 750 000 to R 6 000 000 with a total of R 18 000 000 for the combined land. There is 19 residential units build over 2 portions of land and it varies from bachelor units to 4 bedroom units.Financial feasibility Depending on the eventual land use of the development are various scenarios of financial returns on the development possible. In order to endeavor to create a feeling for possible returns on investment is the following assumptions made:

and#61623 80% of the gross area can be effectively developed, that is 44.4 Ha and#61623 An average of 30-units or ha densities. and#61623 Stands sell for R 300 000.00 per stand. and#61623 Land value R18 million. and#61623 Services costs conservatively R 127 million Vat excl.. and#61623 Professional fees: R 800 000 VAT excl and#61623 The anticipated profit on stands alone no super structures without interim interest and financial costs is approximately R254 million.

Read More

Email the Agent or request the agent Call You Back should you wish  to set up an appointment to view this property or ask for more details.

Contact Agent

Sending Message...

Photo Gallery

Share this Property

Need a Home Loan?

R
R
*
%
 
Monthly Repayment

Loan Value (Capital) R 0
Total Interest R 0
Total Repayment R 0
Interest at 10.5% for 20 years
Apply for a Home Loan
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

Similar Property for Sale in Bon Accord

55.8 ha Land available in Bon Accord

R 11 730 000

Contact Agent

Sending Message...

Need a Home Loan?

Find out more
Contact a Consultant
Your Details
Sending message...

Apply for a Home Loan

Contact
Agent