7 Bedroom House For Sale in Albemarle

Property description

Calling All Investors!!
Property with the ability for development! Electrical and water rules and regulations makes it possible for any form of development.
Most properties in the vicinity have been redeveloped into high density residential developments. The general allowable density in the area is 85 units per hectare. This property has the potential to be developed into approximately 72 residential units.

The main building is approximately 65% complete with a total of 7 bedrooms, loads of living rooms and bathrooms is partially complete. A large section requires finishes, fittings, electrical installations, water installation and sewerage installations. The dwellings on the property are as follows:
Roof Concrete tiles on standard pitch timber roof trusses
Ceilings Concrete ceiling panes and plastered ceilings
External Walls Concrete bricks
Glazing Steel door and window frames
Internal walls Plastered and painted bricks and concrete bricks
Floor coverings Ceramic tiles and bare concrete flooring

This property is centrally located in a developing agricultural node just east of the Alberton Business District and just south from the Germiston Central Business District. Jacoba Road is quiet and hosts new development. Close to the Reeff Shopping Centre, all major Freeways and amenities.

Monthly Bond Repayment R29,461.36
Calculated over 20 years at 7% with no deposit.