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Commercial Property in West Bank For Sale

R435 000

Bedroom icon 24 12 768m2 4887m2

Commercial Property in West Bank For Sale

DEVELOPMENT RIGHT TO BUILD REMAINING TWO BLOCKS OF 6 APARTMENTS EACH

Bedroom icon 24 12 768m2 4887m2

Commercial Property in West Bank For Sale

DEVELOPMENT RIGHT TO BUILD REMAINING TWO BLOCKS OF 6 APARTMENTS EACH

R435 000

Monthly Bond Payment: R

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  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR
12 Bedroom icon 24 4887m2

Features

  • Parking 12
  • Lounge 1
  • Dining Areas 1
  • Patio
  • Access Gate
  • Alarm
  • Security Gate
  • Scenic View
  • Kitchen
  • Electric Fence
  • Paving

Description

DEVELOPMENT RIGHT FOR SALE. This is not a property but rather the development right to complete/ build the sectional title development known as Croydon Place, situated in Cranbroock Street, Port Alfred. Many years back 4 blocks were built and sold, yet the developer didn't complete the last 2 blocks, each being 3 storeys high. The sites for the new blocks are on the northern side of the property, overlooking farm land and getting great sun all year round. The apartments are approximately 64sqm in size each, having an open plan living area, kitchen, with 2 bedrooms and a shared full bathroom. There is an undercover patio for each apartment also. Carports house vehicles below/ around each block. The development right allows for construction and sale of 12 apartments of 64 sqm each, a total of 24 bedrooms, 12 kitchens, 12 bathrooms, 12 open plan living areas, giving a total size of 768sqm of apartments that can be sold. See photos and plans and contact the agent for more info.

Monthly Costs

Calculated over 20 years at % with no deposit.

Bond Payments R
Mun. Rates & Taxes ZAR 500

Property Details

Web Ref RXAC-2299
Property Type Commercial Property
Building Size 768m2
Erf Size 4887m2
Bedrooms 24
Bathrooms 12

Contact Agent

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Warwick Heny

Broker/Owner

RE/MAX Kowie (Port Alfred)

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Enquiry about property Ref:RXAC-2299

R435 000

Monthly Bond Payment: R

currency bond calculator
  • ZAR
  • BWP
  • EUR
  • GBP
  • NAD
  • NZD
  • AUD
  • USD
  • ZWL
  • ZMW
  • MUR

Contact Agent

Agent profile picture

Warwick Heny

Broker/Owner

RE/MAX Kowie (Port Alfred)

MessageCall me back Whatsapp
Book a viewing

Contact Warwick Heny

Agent profile picture

Warwick Heny

Broker/Owner


RE/MAX Kowie (Port Alfred)

Show number

Show number

Enquiry about property Ref:RXAC-2299