TWO PROPERTIES SUITABLE FOR SHRA, FLISP, SOCIAL AND GAPHOUSING DEVELOPMENT FOR SALE WITH SELLERS FINANCE FOR A PORTION OF THE PURCHASE PRICE IN PRETORIA EAST.
PRICE: R19 825 600.00 TRANSFER DUTY PAYABLE
Location: Rietfontein 375 JR, Pretoria East
Size: 12, 391 hectares
Price per hectare: R1 600 000.00
The properties details:
Portion 664, Size 6.8712, Price R10 993 920.00
Portion 671, Size 5.5198, Price R8 831 680.00
In this RSDF in this Use Zone you can apply for a big variety of rezoning’s or high density township establishments. To make it more attractive for a developer is the availability of seller’s finance for 66% of the purchase price which make it possible for a buyer to secure the land with a
R6 740 704.00 deposit and to do the necessary rezoning or township establishment application on the developers own cost. The purchaser can establish a new development company and the seller will register a Parri Passu First Ranked Cover Bond in proportion over the property for the balance of the purchase price when it is transferred into the developer’s name or new development company. The developer or the new development company can also register a Parri Passu First Ranked Cover Bond in proportion over the property.
This portions is very close to the future planned Pretoria East Gautrain station and the K54 Express Way to be constructed in the future.
These portions are close to major amenities, including schools, shopping centres, golf courses, medical facilities, restaurants, gyms and more.
Electricity and sewer outfall for these portions are already crossing the land on the lowest point.
The seller will allow the purchaser to do its own due diligence for 3 weeks and if the property is not suitable for the purchaser’s needs the purchaser can walk away with no cost to the purchaser.
Terms:
• R6 740 704.00 Deposit to be paid to the executor when the offer to purchase is accepted and signed.
• The balance of the purchase price can be secured with sellers finance.
• The seller will register a Parri Passu First Ranked Cover Bond in proportion over the property for 3 years.
• Interest will be payable in monthly installments for the duration of the bond calculated at prime interest rate on the outstanding balance.
• The purchaser and seller have to register as credit providers if necessary.
Call, WhatsApp or Email me today for more information and to book a viewing appointment.
