2.5 ha Land available in Eldorette

R 19 500 000

Machelle Henning-Walker

RM Realtors-Cornwall Hill

2.5 ha Land available in Eldorette

R 19 500 000

Can I afford this?
Land Area 2.5 ha

We are offering this development which has approved rights for 104 units.

On the attached Site Development Plan, units 23 & 24 are two existing three-bedroom units and the purchaser could start immediately with the first 100 two-bed units. As soon as the property is proclaimed the purchaser can apply to increase the density on the land to 60 or 80units/ha and plan a further 100160 units on the remaining portion of the property.

Our NETT selling price is R19.500 000-00 excl VAT which is made up as follows:

4hectare property zoned for 104 single story three bedroom apartments. (Value R10 000 000.00)

Site development plan and building plans can be approved as soon as the property is proclaimed. (Value R350 000.00)

Existing internal roads & parking (Value R2 300 000.00)

Existing storm water system for entire site. ( R400 000.00)

Existing gate house and boundary walls. (R820 000.00)

Two existing three bedroom show units. (R1400 000.00)

Existing external electrical T3 connection, link cabling & street lighting + min-sub and full roll of cable for internal reticulation (R1350 000.00)

Electrical bulk contributions already paid to City of Tshwane (R350 000.00)

Signed service agreements with City of Tshwane for electicity supply, roads, storm-water, sewer and water supply. (R150 000.00)

NHBRC fees for first 10 units. (R80 000.00)

Two freight containers and complete serviced construction workers camp. (R150 000.00)

Landscaping at gate house & show unit. (R150 000.00)

Project status summary :

Town Planning - Completed and paid for in full

Environmental Approvals - Completed and paid for in full

All other consultants - Completed and paid for in full

Proclamation Development not proclaimed proclamation will take place once service agreement conditions are met.

Building Plans - Complete need to be submitted to Tshwane

Tshwane plan submission fees - Paid in full

Electrical engineers - Paid for all work completed to date further fees will be payable for the completion of the internal reticulation

Civil engineers - All designs completed - fees payable when project proceeds.

Land Surveyor - Paid for all work completed to date further setting out fees payable

Legal fees - Paid for all work completed to date

Gate house - Completed and paid for in full

Boundary wall - Paid for all work completed to date northern boundary has existing electric fence only.

Internal Water - Only temporary water for construction purposes exist

Internal Electricity - Temp builders power to show houses and workers camp exists Mini-sub & main internal cable is in a container on site.

Internal Sewer - Temporary sewer exists for two houses and site toilets.

Internal Roads - Paved roads and parking for the first 80 units is completed and paid for in full.

Internal Storm Water - Completed and paid for in full

External & bulk contributions Water - See signed service agreements for amounts payable

External & bulk contributions Electricity - Completed and paid for in full

External & bulk contributions Sewer - See signed service agreements for amounts payable

External & bulk contributions R & SW - See signed service agreements for amounts payable

NHBRC enrolment fees - First 10 units fees are paid in full

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Machelle Henning-Walker

Machelle

Henning-Walker

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2.5 ha Land available in Eldorette

R 19 500 000

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