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Vacant Land for sale in Eldorette & Ext - 3 bedroom

Eldorette & Ext Property | Price: R 18,000,000

Eldorette Development Land For Sale

Type: Vacant Land
Est. required monthly payment: R90,115 per month
Assumptions : Calculator
Loan term : 20 yrs
Deposit : 40% (R8,820,000)
Interest rate : 10.25
Province: Gauteng
City: Pretoria
Suburb: Eldorette & Ext

We are offering this development which consist of 102 single story three bedroom units in blocks of two units each, as per attached site development plan. Our selling price is R18 000 000.00 ExclVAT which is made up as follows:

· 4hectare property zoned for 100 three bedroom apartments. (Value ± R10 000 000.00)
· Site development plan and building plans which I will undertake to get approved as soon as the property is proclaimed. (Value ±R350 000.00)
· Existing internal roads & parking for 50 three bedroom units (Value ± R2 000 000.00)
· Existing storm water system installed for all 100 units. (± R300 000.00)
· Existing gate house and boundary walls. (±R420 000.00)
· Two existing three bedroom show units. (±R1300 000.00)
· Existing external electrical T3 connection, link cabling & street lighting + min-sub and full roll of cable for internal reticulation (±R1250 000.00)
· Electrical bulk contributions already paid to City of Tshwane (±R350 000.00)
· Signed service agreements with City of Tshwane for electicity supply, roads, storm-water, sewer and water supply. (±R150 000.00)
· NHBRC fees for first 10 units. (±R80 000.00)
· Two freight containers and complete serviced construction workers camp. (±R150 000.00)
· Landscaping at gate house & show unit. (±R150 000.00)

Project status summary :
Town Planning - Completed and paid for in full
Environmental Approvals - Completed and paid for in full
All other consultants - Completed and paid for in full
· Proclamation – Development not proclaimed – proclamation will take ±45 days once outstanding bulk contributions are paid.
Building Plans - Need to be submitted to Tshwane
Tshwane plan submission fees - Paid in full
Electrical engineers - Paid for all work completed to date – further fees will be payable for the completion of the internal reticulation
Civil engineers - All designs completed - fees payable when project proceeds.
Land Surveyor - Paid for all work completed to date – further setting out fees payable
Legal fees - Paid for all work completed to date
Gate house - Completed and paid for in full
Boundary wall - Paid for all work completed to date – you may want to wall the northern boundary but I don’t think this is required as there is an existing e/fence.
Internal Water - Only temporary water for construction purposes exist
Internal Electricity - Temp builders power to show houses and workers camp exists – Mini-sub & main internal cable is in a container on site.
Internal Sewer - Temporary sewer exists for show houses and site toilets – No other internal sewer reticulation.
Internal Roads - Paved roads and parking for the first 100 two bedroom units or 50 three bedroom units are completed and paid for in full.
Internal Storm Water - Completed and paid for in full
External & bulk contributions Water - See signed service agreements for amounts payable
External & bulk contributions Electricity - Completed and paid for in full
External & bulk contributions Sewer - See signed service agreements for amounts payable
External & bulk contributions R & SW - See signed service agreements for amounts payable
NHBRC enrolment fees - First 10 units fees are paid in full

Additional Information

KitchenYes Family/TV RoomYes

Agent Info

View all my properties

Cell071...0712276955 Show Numbers
E-mailEmail AddressRinaShow Email

Agent Info

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Cell082...0824525358 Show Numbers
E-mailEmail AddressAneshcaShow Email

Ageny Info

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Tel (01... (012) 565-5252 Show Numbers
Fax (012) 565-6877


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