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R530,000

34 Mimosa Avenue

Monthly Bond Repayment R5,561.06
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

Calculate Affordability | Calculate Bond & Transfer Costs

Exceptional Investment Opportunity: Vacant Land with Incomplete Building Structure

This prime 894 square metre parcel of land, located in the thriving Kwa-Themba area, offers an outstanding investment opportunity. With an incomplete building structure already in place, this property is ready for development and promises significant potential.

Key Features:

Land Size: 894 square metres

Building Plans: Approved plans for a double-storey building featuring 24 two-bedroom flats, each with an open-plan kitchen, lounge, and sitting room.

Zoning: Recently rezoned to business property, ideal for residential, commercial, or mixed-use development.

Development: The current structure provides a strong foundation for completion, or the property can be adapted to suit new development ideas.

Utilities: Available utilities include electricity, water, and sewerage.

Consolidation: Registration for consolidation with the adjacent plot is in progress, which will merge both properties.

Site Preparation: Bush clearing and tree felling will be required to fully prepare the land for construction.

Location:
This property is situated in a prime area near Ikhala TVET College, and is within close proximity to Ezibeleni Community Clinic, Ezibeleni Shopping Centre, as well as various schools and churches, making it an ideal location for residential or commercial development.

Whether you are looking to complete an existing building project or start fresh, this land presents a fantastic opportunity to develop a space that will serve the needs of the growing community. Don't miss out on this promising investment—seize the opportunity to make your vision a reality.

Ezibeleni, Queenstown

Background and Historical Information of the Area Queenstown, officially named Komani now, is a historic town located in the Eastern Cape province of South Africa. In early 1853, under the guidance of Sir George Cathcart, Queenstown was established as a settlement, and subsequently, as a fort, bearing the name of Queen Victoria. The Eastern Cape region was a site of conflict and warfare during the 19th century...
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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:
Please note: Most banks charge an administration and initiation fee.
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:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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%

Monthly Payment

5,561.06

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