Development opportunity! Ideal for the Savy Cash Buyer / Investor!
1276m2 LAND FOR SALE! (with poor condition structure)
This size land (1276m2) can be developed into 4 to 20 residential units depending on the unit sizes. Most popular is this area is 8 to 12 units (2 bedroom). Think of the ROI and long term investment! Two bedroom units in the area typically go for R4000.00 R6000.00 (in monthly rent)
THE AREA:
Wolmer is getting a face lift, and you want to be part of this next wave! Please see recent Invest Blocks built at 449 Veldkornet Roos, 450 Danie Theron and 451 Emily Hobhouse within the last 2 years. It is an established residential area, and being in the Northern part of Pretoria, it has easy access to main roads.
Wolmer is also surrounded by other established residential areas of which most properties are in a well maintained condition.
THE LAND / PROPERTY
This 1276m2 piece of land is located close to the Wolmerton Railway Station and walking distance to the Jopie Fourie Park (attractive for families)
There is currently a building (241m2) on the land, but it is in poor condition. It is advised that a developer demolish the property and for optimal investment, use the rubble to partially assist with the foundation of new developments.
Current structure: Facebrick
Floors: Carpet, vinyl and raw concrete
Walls: Brick plastered and painted
Ceilings: Gypsum (partly fitted)
Roof: Iron
Windows & doors: Steel frame with clear glass panes
Dont delay, phone us TODAY for a viewing, and start planning your future and investments!
Please Note Banks will NOT finance a Bond on the property based on the poor condition of existing structure.
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