Fully describe this property and its income earning activities.
This vacant property is 2319 sq meters of size. It is Zoned for sectional tipe of townhouses. There is no income on the vacant stand.
What is the approximate age of the buildings?
No buildings on site.
What is the zoning of the property and what can be developed thereon?
The zoning was approved. The Bulk service contribution needs to be paid and electrical supply and meters to be installed. The Coverage is for 40% and the FRF is 0,06 . Concept Plans was designed for units of 135 and 155 sq meters. With the approved density as zoned, smaller units can be designed to fit a wider target market and price range.
Are there building plans available?
What is the erf size and the size of the buildings?
The vacant erf size is 2319 sq meters.
Is a property valuation available?
Is the business VAT Registered?
What VAT documentation is on file?
Monthly returns on file
Is Seller finance available and for what amount?
How could the income of the property be increased?
Development of the property as sectional townhouses will create capital growth and /or rental income.
What is the monthly rates and taxes payable to local authority?
The rates and taxes is approximately R 966,00 pm.
What are the main assets of the business?
The vacant stand is zoned for sectional units.
This vacant stand is very near to the local schools and the shopping center of Cullinan The zoning for townhouses makes the property a good investment for development. Access tarred roads to the site. Enjoy this little town with good infrastructure.
A well priced developed unit will sell or give a good return on investment for buyer.
What is the reason for the sale?
The owner wants to consolidate asset base.
Annual Turnover Amount between R 500 thousand and R 6 million