1 ha Land available in Rietfontein

Residential Development Opportunity for 52 Units in Pretoria East Total Price for Land and Option: R5 500 000.00

VAT and Transfer Duty are not applicable. Ask me why!

Land Price: R1,100,000

Option Price: R4,400,000

About the Development:

This nearly approved development will consist of 6 boarding homes on six stands. Each boarding home will feature:

1 Bedroom townhouse for the caretaker

7 or 8 bachelor units on the ground floor, each with a small garden

Common open-plan living area with a home theatre, dining room, and braai patio for socializing, dining, and entertainment. Tenants can enjoy board games, watch sports or TV, or have family meals.

Kitchenette where tenants can enjoy ordered meals together

1 Carport and 1 Storeroom (6m) per unit for extra storage

The units in the boarding homes may be eligible for a Sectional Title Scheme.

Breakdown of Boarding Homes:

4 Boarding Homes with:

8 ground-level units per boarding home

1 bedroom unit and 7 bachelor units

8 carports and 8 storerooms (3 x 2m each)

1 common room with lounge, dining area, and braai patio per boarding home

2 Boarding Homes with:

7 ground-level units per boarding home

1 bedroom unit and 6 bachelor units

7 carports and 7 storerooms (3 x 2m each)

1 common room with lounge, dining area, and braai patio per boarding home

Additional Features:

Communal launderette

Communal vegetable garden, run on a green fingers club basis

This is a prime opportunity for developers or investors!

Call, WhatsApp or Email me today for more information or to book a viewing.

JOWIC (PTY) LTD trading as RE/MAX Jowic (Wierda Park) operates in terms of a franchise agreement with RE/MAX of Southern Africa.