Property description

Price: R5,500,000.00
Zoning: Residential 3 (Res 3)
Land Size: 1.0024 HA
Height: 3 Storeys

An exciting residential development opportunity in the desirable Mooikloof area. This property offers significant potential for developers with plans already in place for a high-yield rental project. 

Development Highlights:  

• Planned Development: Designed for 5 boarding homes, offering a total of 42 units. 
• Unit Breakdown:   
• Building 1: 1 x 1-bedroom, 8 x bachelor units 
• Building 2: 1 x 1-bedroom, 8 x bachelor units 
• Building 3: 2 x 1-bedroom, 5 x bachelor units 
• Building 4: 1 x 1-bedroom, 8 x bachelor units 
• Building 5: 2 x 1-bedroom, 6 x bachelor units  
• Potential Rental Income:   
• 7 x 1-bedroom units @ R6,000 each = R42,000 per month 
• 35 x Bachelor units @ R4,500 each = R157,500 per month 
• Total Estimated Income: R199,500 per month  

Additional Features:  

• One Side of Property: Fully fenced for added security and privacy. 
• Development Costs: Bulk cost contributions are yet to be determined and to be paid by the purchaser. 
• There is still ± R300 000.00 professional fees to be paid to the Townplanner and his team of professionals to take the township application to approval by the municipality. 
• Site Development Plan: Attached for your reference. 

Investment Incentive:  

• Section 13 Tax Incentive: Receive 5% of the capital spent on acquiring the rental portfolio back from your income tax each
  year for 20 years, allowing you to recoup your capital over time. 

This is a prime investment opportunity in a highly sought-after area, with the potential for high rental returns. The seller is not VAT-registered, and the purchaser is responsible for transfer costs and transfer duty.


Don't miss out on this big stand opportunity in Rietfontein agricultural holdings South of Mooikloof! 

For more information or to schedule a viewing, please call, WhatsApp, or email me.