R 4 600 000 - 4 Bedroom Small Holding For Sale in Rayton
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R 4 600 000 - 4 Bedroom Small Holding For Sale in Rayton

Self Storage Park

• Property is situated in the Blue Zone (upmarket high-value property) area of Bloemfontein.and ready for rezoning.
• New road planned to connect to LHP running in front of the property.
• Very sought after area for development.
• Units in the new development sold out within the first month.
• Ideal for development
• Cost per building opportunity is around R 190 000 per stand.
• Empty plots selling for up to R500 000 in area.
• Property has 2 boreholes.
• Large house on property 5 Bedrooms 3 bathrooms with flatlet and outbuildings. Property in need of repairs!!!
• 6ft electrical fence all around.
• Municipal main sewage line directly in front of the property
• Main power lines also direct in front of the property
• Property very slightly sloped to allow for easy rainwater drainage.
• The municipal map also indicating the property is earmarked for future housing development.
• Possible to build up to 45 units and more depending on layout.
• Conservative return on investment from R14 million
• Property valued at R4,6 million
• Developments in the area are working on R7 mil profit Per Hectare that gives R 16 mil profit

Property Features

Bedrooms  4
Bathrooms  3
Land Size  2.33 ha
Lounges  1
Dining Areas  1
Guest Toilet  
Kitchen  
Toilet  
Built-in Cupboards  
Borehole  

Contact Agent

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Agents

Pieter Kriel +27 82 483 2953

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Estimated Monthly Repayments

R per month
Loan Term 20 years Interest Rate 7.25%