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Vaal Park, Vaal Park, Orkney, North West
R 1 380 000
4, 570 square meter Prime Development Opportunity or Multi-Dwelling or Extended Family Lifestyle Living, you can choose. A. Introduction: • Property Development Opportunity or Multi-Dwellings or Extended Family Lifestyle Living, you can choose. • Residential 2 Zoning in place. • 2 x Existing Houses already in place and occupied by families. • Approved Building Plans for 14 x Units and other structures. B. Approved Building Plans in place for: 9 x Units with: • 2 x Bedrooms. • 2 x Bathrooms. • Open Plan Living Area. • Attached Garage. 5 x Units with: • 3 x Bedrooms. • 2 x Bathrooms. • Open Plan Living Area. • Separate Garage. • Lapa above Garage. Other Structures: • Swimming Pool. • Ablution Block. C. Existing Houses already on the property: House 1 (Existing House): • 3 Bedrooms with built-in cupboards and tiled floors. • Main bedroom with en-suite bathroom. • En-suite bathroom is tiled and has a bathtub, washbasin, and toilet. • 2nd Bathroom is tiled and has a shower, washbasin, and toilet. • Open plan and spacious tiled living room and dining area. • Kitchen with solid wood cupboards, gas stove and space for a double door fridge and electrical appliances. • Air conditioning in the main bedroom. • Curtain rails. • Security gates and burglar bars. • LED lighting. • Carport with paved parking area. • Single garage. • Paved parking under carport and by garage. House 2 (Existing House): • 2 Bedrooms with built-in cupboards and tiled floors. • 2 Bathrooms. • Open plan living and dining area with tiled floors. • Kitchen with built-in cupboards. • Geyser. • Single garage. • Carport with paving parking area. • Carport can be used as a patio area. • Private, fenced garden with water point (tap). D. Other Key Features and Attributes of the Property: • House 1 and House 2 (Existing Houses) can be rented out for Rental Income. • Construction of the other 14 Units can be done progressively. • Phased Building and Development can be done. • 3-Phase Electricity in place. • Municipal water supply to the property. • Prepaid Electricity Meters for 2 x Existing Houses. • Borehole potential. • Property is fully fenced on all 4 perimeters. • Razor wire fence from 1 x side perimeter fence of property towards the Vaal River. • Main and back access gates. • Fiber ready and current connectivity to House 1 and 2 (Existing Houses). • Sewer lines approved. • Property boundaries are above the High-Water Mark, 300 meters from Vaal River. • Property borders Municipal Land towards the Vaal River. • The property owner has the first right to rent the Municipal Land behind the property from the Municipality.
Estimated monthly repayment
R 13 032
on a R 1 242 000 bond over 20 years at 11.25%
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Vaal Park, Vaal Park, Orkney, North West
Area view — the exact address is shared on enquiry.
Listed by
Willem Molefe
Unclaimed listing — claim it to verify
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