ERA | Property Details
For Sale
Gauteng
Pretoria
Clydesdale
19029
Pretoria
R 6,900,000
Clydesdale
# 19029
Property Information
For Sale
Development opportunity definitely available here, prime location
This property is situated in the popular small suburb of Clydesdale, a suburb well known to be within walking distance to the Loftus Versfeld Staduim and classy retail center Loftus Park. This property is ideal for a property developer looking to build to 4 storey residential units, however given the number of rooms in this commune which is a total of 25 rooms generating an average revenue of +/-R3 000 per month (that's a potential of R75 000 per month and R720 000 per year assuming a vacancy and bad debt rate of 20% or R900 0000 gross potential income). Even if you buy this property as a commune you can continue getting the appropriate zoning rights for 3 to 4 storey units, keep the property while generating a high revenue from it and sell it at a huge profit in a seller's market. There is a saying that goes "The best time to buy was 10 years ago, the second best time is right now" that is particularly true for people looking to invest in property in this buyers' market. Numbers don't lie, call today to arrange a viewing appointment.
Property Details
Property Type
House
Erf Size
2052 m2
Property Category
Full & free title
Rooms
Bed
25
Bath
4
Kitchen
Tiled Floors | Veranda | Stove
Space For:
Study
1
External Features
Parking
5
General Features
Agent
Agent
(074) 713-6465
012 348 1153
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