6 Bedroom House in Irene

Prime High-Density Opportunity Opposite Irene Link Shopping Centre -Exceptional investment potential with zoning earmarked for 21 clusters-Situated on prime land directly opposite Irene Link Shopping Centre and surrounded by established office parks-Easy access to both the N1 and N14 highways-Ideal for families, developers, and investorsNB: Development Profitability calculations of 38 yield done below!Current Property Features:-Spacious open-plan living area-Dining room opening onto a charming indoor courtyard-Large kitchen with direct access to the backyard-Separate laundry room-6 Bedrooms-5 Bathrooms plus a guest WC-Study that can be used as a 6th bedroom-Outside room converted into a self-contained unit for guests or extended family-Expansive garden with beautiful, established trees.FEASIBILITY SUMMARYSales Revenue:21 units R1,300,000 R27,300,000Costs Estimated:Land: R5,000,000Construction 60 sqm units: R8,000sqm21 60 sqm R8,000 R10,080,000Professional Fees 8: R806,400Marketing, Finance, Infrastructure 9: R907,200Total Development Cost: R16,793,600Developer Profit:R27,300,000 R16,793,600 R10,506,400Profit Margin:38Call today to arrange your private viewing and experience the incredible potential first-hand. Show more Show less