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R3,000,000

REAL RIGHT DEVELOPMENT OPPORTUNITY.. INFRASTRUCTURE & ALL SERVICES ALREADY IN PLACE

ONLY R3 million

This amazing, immediate development opportunity, includes draft plans for the development of 5 x 2 bed, luxury double volume apartments, which would form part of and will actually be attached to, the Quayside development.

This new mini development opportunity, is entitled to utilise all the current Quayside buildings' facilities and services, which would mean that the add-on development, would not need to supply the all these costly services outlined below.

Infrastructure & Services Included In the Real Right Purchase:

* 4 x piled foundations, which have been designed and constructed to withstand the stresses of a 10 storey development, that is to be built upon them;
* The bulk is zoned mixed use 2, which allows for residential and / or commercial development;
* 10 allocated, secure, undercover parkings bays;
* 2 lifts and the lift foyers;
* fire escape and stairwell;
* front entrance and reception area;
* communal swimming pool;
* all other rights of use and / or access;


The allocated bulk is 800m2 (to be confirmed by developer). The internal areas of the 5 apartments total around 600m2, which will allow one to play around little and convert these 2 bed apartments, to larger 2 or 3 bed apartments, should a purchaser decide to change the layout of the apartments.

Alternatively, one could develop one double volume penthouse apartment, with a roof garden and the rest could be 8 simplex, 2 bed apartments.

A developer could make these apartments very up-market and sell these apartments at R20,000 / m2, or even at R25,000 / m2 for the top floor penthouse unit, onto which the developer could possibly add a roof garden and pool area.

The new "Quayside Towers" sectional title, apartment owners, will become members of the Quayside Body Corporate and will be run and governed by this same body corporate, which is already in existance.

This is an incredible investment opportunity for any developer, as it will entitle him to purchase a real right to a development that would not demand a large capital outlay and as it is a relatively small development, the construction time would be fairly short. Furthermore, the developer could begin construction almost immediately as there are no basements and piling to be done and most importantly, most of the basic infrastructure is already being in place.

Do not miss out on this incredible opportunity!!!

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Disclaimer: While every effort will be made to ensure that the information contained within the Point Waterfront Realty website is accurate and up to date, Point Waterfront Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
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Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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MONTHLY REPAYMENTS

 

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Monthly Payment

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