6 Bedroom House in Irene

-Exceptional investment potential with zoning earmarked for 21 clusters

-Situated on prime land directly opposite Irene Link Shopping Centre and surrounded by established office parks

-Easy access to both the N1 and N14 highways

-Ideal for families, developers, and investors

NB: Development Profitability calculations of 38 yield done below!

Current Property Features:

-Spacious open-plan living area

-Dining room opening onto a charming indoor courtyard

-Large kitchen with direct access to the backyard

-Separate laundry room

-6 Bedrooms

-5 Bathrooms plus a guest WC

-Study that can be used as a 6th bedroom

-Outside room converted into a self-contained unit for guests or extended family

-Expansive garden with beautiful, established trees.

FEASIBILITY SUMMARY

Sales Revenue:

21 units R1,300,000 R27,300,000

Costs Estimated:

Land: R5,000,000

Construction 60 sqm units: R8,000sqm

21 60 sqm R8,000 R10,080,000

Professional Fees 8: R806,400

Marketing, Finance, Infrastructure 9: R907,200

Total Development Cost: R16,793,600

Developer Profit:

R27,300,000 R16,793,600 R10,506,400

Profit Margin:

38

Call today to arrange your private viewing and experience the incredible potential first-hand.