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R12,000,000

Monthly Bond Repayment R115,802.60
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Zoned for Mixed use including social housing

Zoning is complete to approval in principal for a mixed use development.
The property is split into three erven
ERF 1720
Size: 3.5092ha
Zoning: Special
FAR: 0.45 (15792 m2 GLA)
Height: 4 Storeys
Coverage: 45% (15.791 m2)

ERF 1721
Size: 2.9956ha
Zoning: Residential 3
FAR: 0.8 (23964.8 m2)
Density: 90 units per ha (277 units)
Height: 4 Storeys
Coverage 45%

ERF 1722
Size: 0.6ha
Zoning: Private open space

Still to be completed:
1. Compilation of the Conditions of Establishment
2. The General Plan
3. Compilation and Submission of Civil and Electrical Services Report
4. Application for the issue of the Section 101 Certificate
5. Opening of the Township Register
6. Proclamation
7. Issue of the Section 82 Certificate

This development site is rectangular in shape and is on the South-Eastern corner of the intersection of Main Road (R55/K71) and African View Drive in the Blue Hills Area.

Main routes in the area include: Main Road (R55/K71) bordering the Western Boundary, the N1 Freeway to the East, the N14 Freeway to the North and Summit Road to the South.

The area within which the subject property is located can be regarded as a fast-growing area, with many township developments in process. Due to the development of the Midrand Corridor and the employment opportunities associated therewith, pressure has been placed on the area for residential development and by implication, also the developing of supporting amenities.

 
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Disclaimer: While every effort will be made to ensure that the information contained within the Vartrust website is accurate and up to date, Vartrust makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

115,802.60

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