Commercial for sale in Nieuw Muckleneuk

The project consist of the developing of 20 upmarket units.

Its in a prime spot, in Nieuw Muckleneuk , close to Embassies and the

University of Pretoria

We may have a investor that will invest between R 5 000 000.0 and R 10 000 000.00 once ground is broken.

A professional team are already appointed by the current owner, but the buyer can utilize his own people.

The cost feasibility structure indicates a return on capital of 29,8 %

Stand with Development Rights Residential 4

Stand size: 2552 sqm

Council has approved the following:

Zoning: Residential 4 for 20 Units

FAR 1.53 (Gross Floor area - 3900 sqm

Height: 4 Storeys

The current development plan:

19 Exclusive upmarket apartments of various arrangements

Design is completed and has been submitted to Tshwane Council, approval is outstanding. Copies of the SPD and plans submitted, can be provided (Please note that this maybe already approved – awaiting confirmation)

Feasibility is included

Bulk services contribution is outstanding; however, provision has been made in feasibility

Provision is made in the cost structure for SMEG appliances:

-Microwave ovens

-Fridges

-Freezers

-Dish washers

-Washing Machines

-Tumble dryers

The documents available are the following:

1) Bailey's Nook overview presentation

2) Zoning approval document

3) Planned site development plan

4) Cost Structure Feasibility

5) Contour plan

6) Plans

Please note that there is an alternative means of doing the transaction that will entail lower capital requirements from the purchaser and be much quicker:

It is possible for the purchaser to purchase the shares in the holding company of the property. The company is VAT registered and has only the property in its asset’s