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R 3 200 000

14 Bedroom Apartment / Flat for Sale in Windsor East

Windsor East, Randburg

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14
12
991 m²
- m²: 991 m²
- Hectares: 0.099 ha
- Acres: 0.245 acres

NO TRANSFER DUTY

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Prime Development Opportunity in Windsor East

**Price: R3,000,000**

Unlock the potential of this exceptional property in Windsor East, ideal for developers and investors alike. With approved municipal plans for 18 units, this land is ready for immediate construction, offering a seamless transition from planning to building. This is an unmissable chance to transform a prime piece of real estate into a lucrative investment.

Currently, the property features 12 rooms that generate a steady rental income of R21,000 per month. However, the true potential lies in the approved blueprint for 18 modern units, which could significantly boost your revenue. In this area, 2-bedroom units typically rent for R6,500 per month, translating to a potential monthly income exceeding R150,000 once fully developed.

The current property rental breakdown is as follows:

- Room 1: R1,750

- Room 2: R1,500

- Room 3: R1,700

- Room 4:...

Bedrooms: 14

Bathrooms: 12

Listing number: P24-114673935, Image number: 1

Listing number: P24-114673935, Image number: 2

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Listing number: P24-114673935, Image number: 4

Listing number: P24-114673935, Image number: 5

Listing number: P24-114673935, Image number: 6

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Listing number: P24-114673935, Image number: 9

Property Overview

Listing Number

114673935

Type of Property

Apartment / Flat

Listing Date

17 July 2024

Erf Size

991 m²

No Transfer Duty

Yes

Rooms

Bedrooms

Bathrooms

Reception Rooms

Points of Interest

Bond Calculator

Monthly Repayment:

Total Once-off Costs:
(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

Min Gross Monthly Income:

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What are the bond and transfer costs?

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.