Property Developers & Investors
This opportunity offers approximately 160 single residential opportunities on 7ha of developable land. Density could be increased 210 units at 30u/ha.
Consumer demand: 3 Bedrooms, 1,5 bathrooms, 2x garages - 160-175sqm.
Selling stands at R950,000 - R1,25m with a choice of building plans, offering various sizes and designs.
A basic, preliminary feasibility study estimates an EBIT of between R45-R50m on selling the stands - excluding revenue from construction.
20% deposit on trust required on signature, balance on registration.
Selling price: R17m plus VAT/transfer duty (R106,250 per unserviced opportunity)
Sale: Outright, no "structured deals".
*File photos
