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R 5 500 000

Vacant Land / Plot for Sale in Rietfontein Sh

953 We Foxtrot Street, Rietfontein SH, Pretoria

10 000 m²
- m²: 10 000 m²
- Hectares: 1 ha
- Acres: 2.471 acres

Contact Agent

Werner Eksteen

Show Contact Number

Residential Development Opportunity in Mooikloof Area

Price: R5,500,000.00

Zoning: Residential 3 (Res 3)

Land Size: 1.0024 HA

Height: 3 Storeys

An exciting residential development opportunity in the desirable Mooikloof area. This property offers significant potential for developers with plans already in place for a high-yield rental project.

Development Highlights:

Planned Development: Designed for 5 boarding homes, offering a total of 42 units.

Unit Breakdown:

Building 1: 1 x 1-bedroom, 8 x bachelor units

Building 2: 1 x 1-bedroom, 8 x bachelor units

Building 3: 2 x 1-bedroom, 5 x bachelor units

Building 4: 1 x 1-bedroom, 8 x bachelor units

Building 5: 2 x 1-bedroom, 6 x bachelor units

Potential Rental Income:

7 x 1-bedroom units @ R6,000 each = R42,000 per month

35 x Bachelor units @ R4,500 each = R157,500 per month

Total Estimated Income: R199,500 per month

Additional Features:

One Side of Property: Fully...

Price: R5,500,000.00

Zoning: Residential 3 (Res 3)

Land Size: 1.0024 HA

Height: 3 Storeys

An exciting residential development opportunity in the desirable Mooikloof area. This property offers significant potential for developers with plans already in place for a high-yield rental project.

Development Highlights:

Planned Development: Designed for 5 boarding homes, offering a total of 42 units.

Unit Breakdown:

Building 1: 1 x 1-bedroom, 8 x bachelor units

Building 2: 1 x 1-bedroom, 8 x bachelor units

Building 3: 2 x 1-bedroom, 5 x bachelor units

Building 4: 1 x 1-bedroom, 8 x bachelor units

Building 5: 2 x 1-bedroom, 6 x bachelor units

Potential Rental Income:

7 x 1-bedroom units @ R6,000 each = R42,000 per month

35 x Bachelor units @ R4,500 each = R157,500 per month

Total Estimated Income: R199,500 per month

Additional Features:

One Side of Property: Fully fenced for added security and privacy.

Development Costs: Bulk cost contributions are yet to be determined and to be paid by the purchaser.

There is still ± R300 000.00 professional fees to be paid to the Townplanner and his team of professionals to take the township application to approval by the municipality.

Site Development Plan: Attached for your reference.

Investment Incentive:

Section 13 Tax Incentive: Receive 5% of the capital spent on acquiring the rental portfolio back from your income tax each

year for 20 years, allowing you to recoup your capital over time.

This is a prime investment opportunity in a highly sought-after area, with the potential for high rental returns. The seller is not VAT-registered, and the purchaser is responsible for transfer costs and transfer duty.

Don't miss out on this big stand opportunity in Rietfontein agricultural holdings South of Mooikloof!

For more information or to schedule a viewing, please call, WhatsApp, or email me.

Listing number: P24-115555847, Image number: 1

Listing number: P24-115555847, Image number: 2

Listing number: P24-115555847, Image number: 3

Listing number: P24-115555847, Image number: 4

Property Overview

Listing Number

115555847

Type of Property

Vacant Land / Plot

Street Address

953 WE Foxtrot Street, Rietfontein SH

Description

Smallholding

Listing Date

10 February 2025

Erf Size

10 000 m²

Rates and Taxes

R 800

Pets Allowed

Other Features

Backup Water

Points of Interest

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