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Great investment opportunity For Sale in Nooitgedacht, Nooitgedacht

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Asking Price : R 7 000 000 (352 644 EUR*)

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Province:Gauteng City:Nooitgedacht Suburb:Nooitgedacht Bedrooms:50 Bathrooms:27 Erf Size: ± 100380 m2 Floor Size: ± 3000m2 Rates:R 4000 p/m

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  • Nigel Williamson, estate agent

    Agent : Nigel Williamson

    EAAB PrivySeal

     +27 (0)76 406 8591
     +27 (0)81 260 2146
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Nooitgedacht smallholdings with great investment potential !

With the future opportunity of joining the second phase of a large adjacent land assembly that is rezoning to a Mixed Use township of 119 hectares these two adjacent smallholdings in Nooitgedacht offers real value at R7 million. Current tenant income R102 000 a month. Therefore a total outlay of R7 million annual rental income of R1,2 million on a R7 million investment will equate to a gross 17% return (12% nett return) . Both properties will also be a perfect fit to join the Nooitgedacht Land Assembly Second Phase where 60 hectares of agricultural land will be rezoned and on sold once the new mixed use rights are in place (+_ a 18 month process).

  • 24 hectares in extent
  • Access off Glory rd and the R114
  • Cottages and houses bring in R102 000 monthly rental
  • Boreholes . Eskom power
  • Fenced