- 4
- 2
- 2
- 2 505 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 1800.00
Property description
Step into a world where an investment has the potential to set your income and asset appreciation for the absolute best of times ahead. With a massive stand of 25 and being on a road that lends itself to running a business/multiple businesses or looking at high density residential opportunities, this home is an epic opportunity to create a steady stream of income that will only grow in potential and access to demand over time. The property is placed on Northway, facing the plot of land now known as Bankenveld. In the development of this plot the developers will be closing off access to Northway from Marlboro drive and putting up a wall on the other side of the road, meaning that this section of Northway will be closed off from the normal thoroughfare that it has been experiencing in it's existence. This will likely push up the pricing of the properties on Northway to be more inline with those that are inside the boom-gates of Kelvin. Further to this, more than 10'000 units of residential accommodation apartments are being developed on the plot, which gives this property prime exposure to thousands of people who could be using the businesses that could otherwise be put in this property once the appropriate permissions have been obtained.
The home itself is located in the middle of the stand, providing ample parking in the front as well as a 2 car garage and additional carports. Upon walking into the home, one is welcomed into large living spaces, with the lounge having a fireplace and direct access to the front patio, while the dining room is placed between the kitchen and another space which was formerly being used as a bar and entertainment area. The kitchen is of a comfortable and convenient size, providing amenities that could be used for a home or office/work spaces. Further to this we have a courtyard and a helpers quarters with direct access into the kitchen. The bedrooms are spacious and enjoy ample natural light through the large windows. The first 3 bedrooms share a bathroom, while the master bedroom has it's own en-suite full bathroom.
The backyard is extensive and features a covered patio which is currently being used as the entertainment space. A built in bar and ample space make for a pleasurable experience of being there, while enjoying the view of the pool and a thatch lapa that are also in the backyard. Because of the amount of space that is available, the property lends itself to further development of structures for whatever a new owner feels is their best fit direction to go. This epic opportunity won't be available for very long, so get in touch and be the first to take on the potential because value is certainly soon to be on the way up.
Property Details
- 4 Bedrooms
- 2 Bathrooms
- 2 Garages
- 1 Ensuite
- 2 Lounges
- 1 Dining Area
Property Features
- Patio
- Pool
- Staff Quarters
- Storage
- Pets Allowed
- Alarm
- Kitchen
- Lapa
- Fire Place
- Entrance Hall
- Paving
- Garden
- Family TV Room
| Bedrooms | 4 |
| Bathrooms | 2 |
| Garages | 2 |
| Erf Size | 2 505 m2 |
Contact the Agent
Bulelani Mageza
Full Status Property Practitioner