R6,500,000
R6,500,000
Monthly Bond Repayment R70,440.96
Calculated over 20 years at 11.75% with no deposit.
Change Assumptions
R3,433
DEVELOPMENT LAND FOR A STEAL
This 8,5ha vacant land is found in Olivenhoutbosch Farm on the borders of the Cities of Tshwane and Johannesburg. It is located along Jakalasi Street and can be accessed either from Summit Road or R55, turn left and approximately 55m from the Olievenhoutbosch Shopping Centre.
The City of Johannesburg has approved the development of 372 units on the property consisting a total of 124 units @ 106sqm and 248 @ 77sqm. There is wetland measuring 1.6ha on the property and as we may be aware , the presence of wetland serves as a contributory economic driver as crops and other plants are receptable to the feature. It also serves as conserver of water during rainy season and protects soil erosion.
The 3 x buildings on the property are currently rented out to a private school which we consider to be a deterrent to potential vandalim by the neighbouring informal settlement.
Eskom electricity is functional on the land including a borehole and sewerage connection is about 400m from the property.
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