Web Ref ORL18729
R25,000,000
1 Mnandi Road, Kyalami, Midrand
Monthly Bond Repayment R262,314
Calculated over 20 years at 11.25% with no deposit.
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Monthly Levy
R1
R1
Monthly Rates
R5,000
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.
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
Pets Allowed
Yes
Interior
Bedrooms
30
Bathrooms
16
Kitchen
16
Reception Rooms
38
Study
5
Furnished
No
Exterior
Garages
5
Security
Yes
Parkings
30
Pool
Yes
Sizes
Floor Size
4,500m²
Land Size
13,000m²
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