1 ha Land available in Rietfontein

Extension 16 Bronberg Close on Portion 740 Rietfontein 375 JR just off Garsfontein Road

Extension 16 Bronberg Close on Portion 740 Rietfontein 375JR just off Garsfontein Road

Total price for land and option is R5.500.000-00.

VAT is not applicable and transfer duty is not payable. Ask me why?

The price of the land is R1.100.000-00 and the price for the option is R4.400.000-00.

More about the nearly approved development on the property:

The development will make provision for 6 (six) boarding homes on six stands.

Each boarding home has a 1 bedroom townhouse for the caretaker, plus 7 or 8 bachelor ground floor units each with small garden.

A common open plan living area for a home theatre, dining room, and braai patio, where the tenants can socialize, play board games like scrabble, or watch sport or watch TV, where tenants can entertain their family and children if they want a braai or want to dine together. In this common area, there will be a kitchenette to use where the tenants can receive ordered meals or food and enjoy the meals together. There is one carport and one 6m storeroom per unit, to store all the extra items the occupant/tenant does not have space for in their unit.

It may be possible to open a Sectional Title Scheme for each boarding home.

In total a developer or investor can build:

4 Boarding homes each with:

8 ground level Units in a boarding home

One of them is a 1 Bedroom unit and the other 7 are Batchelor units per boarding home

8 x Carports

8 x Storerooms 3 x 2 m

1 x Common room with a lounge Dining room and Braai patio per boarding home

2 Boarding homes each with:

7 ground level units in a boarding home

One of them is a 1 Bedroom unit and the other 6 are Batchelor units per boarding home

7 x Carports

7 x Storerooms 3 x 2 m

1 x Common room with a lounge, Dining room and Braai patio per boarding home.

The development will also have a communal launderette as well as a communal vegetable garden, functioning on a green fingers club basis.