1 ha Land available in Rietfontein SH

Prime Residential Development Opportunity Mooikloof AreaPrice: R5,500,000Zoning: Residential 3 Res 3Land Size: 1.0024 haPermissible Height: 3 StoreysThis exceptional development site in the sought-after Mooikloof area presents a lucrative opportunity for property developers. With zoning already in place and a full concept design prepared for a high-income rental project, this property is perfectly positioned for investment success.Development OverviewPlanned Layout:The proposed development comprises 5 boarding homes with a combined total of 42 units.Unit Configuration:-Building 1: 1 1-bedroom | 8 bachelor units-Building 2: 1 1-bedroom | 8 bachelor units-Building 3: 2 1-bedroom | 5 bachelor units-Building 4: 1 1-bedroom | 8 bachelor units-Building 5: 2 1-bedroom | 6 bachelor unitsProjected Rental Income-7 1-bedroom units R6,000 pm: R42,000-35 bachelor units R4,500 pm: R157,500Total Estimated Monthly Rental Income: R199,500Additional Property Features-Security: One side of the property is already fully fenced.-Development Costs: Bulk contributions still to be determined and payable by the purchaser.-Professional Fees: Approximately R300,000 still payable to the town planner and associated professionals to complete the township application process.-Site Development Plan: Available on request.Investment BenefitsSection 13 Tax Allowance:Investors may claim 5 of the capital spent on acquiring the rental portfolio back from income tax annually for 20 years, creating a powerful long-term capital recovery advantage.Important Notes-The seller is not VAT-registered.-The purchaser is responsible for transfer costs and transfer duty.-A rare opportunity to secure a large stand in the popular Rietfontein Agricultural Holdings, south of Mooikloof.For more information or to arrange a viewing, please feel free to call, WhatsApp, or email me.JOWIC PTY LTD trading as REMAX Jowic Wierda Park operates in terms of a franchise agreement with REMAX of Southern Africa. Show more Show less