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R25,000,000

1 Mnandi Road

Monthly Bond Repayment R258,047.10
Calculated over 20 years at 11% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Monthly Levy
R1
Monthly Rates
R5,000

Prime development opportunity

Situated on 13 hectares of prime land, this property offers an exceptional investment opportunity with a diverse range of offerings. Three hectares are already developed, featuring a stunning main home and 16 rentable cottages ranging from cozy bedsits to spacious 3-bedroom residences. Nestled within lush gardens and centered around a sparkling pool, these units generate substantial annual income ranging from R2 million to R3 million pa. Sold fully furnished, they present a turnkey opportunity for prospective buyers.

Additionally, the property boasts 10 hectares of untouched development land with the potential to be zoned for up to 132 units per hectare. This presents an attractive proposition for developers, with the low bulk cost per unit enhancing the investment appeal. The land benefits from existing water and electricity services, while the surrounding area offers accessible sewerage and water connections to support future developments.

Don't miss the chance to capitalize on this remarkable opportunity in a sought-after area for upscale housing. Contact us today for further information and take the first step towards securing your future with this exceptional development venture.

Features

30
16
5
Pets Allowed
Yes
Interior
Bedrooms
30
Bathrooms
16
Kitchens
16
Reception Rooms
38
Studies
5
Exterior
Garages
5
Carports / Parkings
30
Security
Yes
Pool
Yes
Sizes
Floor Size
4,500m²
Land Size
13,000m²

Kyalami, Midrand

Midrand was established as a Local Municipality in 1981, but was incorporated into Region 2 of the City of Johannesburg during the late 1990's and as of 2006, when the number of regions where reduced to seven, it forms part of Region A. Midrand officially ceased to exist in 1998 when Act 15 of 1981 Town Council of Midrand Act was repealed by Act 10 of 1998 Rationalisation of Local Government Affairs...
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R
R

Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

258,047.10

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