R4,900,000
R4,900,000
4
Bedrooms
2
Bathrooms
2
Parkings
William Proudfoot
Candidate Property Practitioner
Seeff Pietermaritzburg
PPRA Registered | FFC
20237148592
Monthly Levy
R0.01
Special Levy
R0.01
Monthly Rates
R2,100
Total
R2,100.02
NEST OR INVEST - DON'T MISS OUT!
Web Ref.
RLS929591
This spacious 5567m2 property is perfect for an investor looking to develop a residential complex.
The approved scheme allows for a total of 11 units, with one unit per 500m2.
The property currently has an existing house, which is roughly 230m2, and a freestanding double garage with servant's quarters. The intention is to convert the existing house into two units, with each unit having 3 bedrooms or 2 bedrooms and 1 study, a full common bathroom, and 1 en-suite. The units will also feature an open plan lounge, kitchen, and dining room, a double garage, a laundry, and a veranda at the front.
In addition to the existing house, the property will have 6 new double-story units, comprising of 3 bedrooms or 2 bedrooms and 1 study, a full common bathroom, and 2 en-suites.
These units will also feature an open plan lounge, kitchen, and dining room, a double garage, a laundry, and a veranda at the front and back. The first floor of the new units will have 2 bedrooms, a full common bathroom, and 1 en-suite.
Please note that municipal submission fees, the final plan proposal, engineers/geotechnical design, and all other associated fees/costs are excluded.
The property is in a closed corporation named Royal Consortium, with the sole member being the owner of the property. The property also comes with R250 000.00 worth of bricks on site, which will be included in the sale should the full selling price be achieved. The existing house is tenanted with a rental income of R10 500.00 per month, making this an excellent investment opportunity.
Don't miss out on this incredible opportunity. Call us NOW
The approved scheme allows for a total of 11 units, with one unit per 500m2.
The property currently has an existing house, which is roughly 230m2, and a freestanding double garage with servant's quarters. The intention is to convert the existing house into two units, with each unit having 3 bedrooms or 2 bedrooms and 1 study, a full common bathroom, and 1 en-suite. The units will also feature an open plan lounge, kitchen, and dining room, a double garage, a laundry, and a veranda at the front.
In addition to the existing house, the property will have 6 new double-story units, comprising of 3 bedrooms or 2 bedrooms and 1 study, a full common bathroom, and 2 en-suites.
These units will also feature an open plan lounge, kitchen, and dining room, a double garage, a laundry, and a veranda at the front and back. The first floor of the new units will have 2 bedrooms, a full common bathroom, and 1 en-suite.
Please note that municipal submission fees, the final plan proposal, engineers/geotechnical design, and all other associated fees/costs are excluded.
The property is in a closed corporation named Royal Consortium, with the sole member being the owner of the property. The property also comes with R250 000.00 worth of bricks on site, which will be included in the sale should the full selling price be achieved. The existing house is tenanted with a rental income of R10 500.00 per month, making this an excellent investment opportunity.
Don't miss out on this incredible opportunity. Call us NOW
Features
Interior
Exterior
Sizes
Additional Amenities
Montrose, Pietermaritzburg
Montrose is a highly sought after suburb of Pietermaritzburg, the capital city of KwaZulu Natal. Lying in the Msunduzi River valley at the base of the escarpment Pietermaritzburg is an attractive leafy town with a rich history and sets the stage for a number of well-known sporting events: the Comrades Marathon (also known as The Ultimate Human Race), Duzi Canoe Marathon and the Midmar Mile. Climate in the Pietermaritzburg The climate in Pietermaritzburg is warm and temperate with high annual rainfall of ±966mm per annum and high temperatures averaging 26°C and lower temperatures from 11°C. Summer months are usually hot with frequent rainfall whereas winter months are dry, cool, and light frosts not uncommon. Distance to Locations...
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Total Amount Repayable
R0,00
Monthly Repayment
R0,00
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