-Exceptional investment potential with zoning earmarked for 21 clusters
-Situated on prime land directly opposite Irene Link Shopping Centre and surrounded by established office parks
-Easy access to both the N1 and N14 highways
-Ideal for families, developers, and investors
NB: Development Profitability calculations of 38% yield done below!
Current Property Features:
-Spacious open-plan living area
-Dining room opening onto a charming indoor courtyard
-Large kitchen with direct access to the backyard
-Separate laundry room
-6 Bedrooms
-5 Bathrooms plus a guest WC
-Study that can be used as a 6th bedroom
-Outside room converted into a self-contained unit for guests or extended family
-Expansive garden with beautiful, established trees.
FEASIBILITY SUMMARY
Sales Revenue:
21 units × R1,300,000 = R27,300,000
Costs (Estimated):
Land: R5,000,000
Construction (60 sqm units): R8,000/sqm
21 × 60 sqm × R8,000 = R10,080,000
Professional Fees (8%): ±R806,400
Marketing, Finance, Infrastructure (9%): ±R907,200
Total Development Cost: R16,793,600
Developer Profit:
R27,300,000 – R16,793,600 =R10,506,400
Profit Margin:
≈ 38%
Call today to arrange your private viewing and experience the incredible potential first-hand.
