Student Housing or Conventional Apartments Opportunity opposite Monash Univ...

Ruimsig, Roodepoort, Gauteng
ID 529793

Property features

R8 400 000

Property Details

Walk across Peter rd to Monash University Ruimsig from this well positioned Student housing stand ! Or build 140 conventional apartments in this popular suburb. Semi serviced with gatehouse in place Fully walled 140 units 4 storeys permitted Next to new Student Housing development 50% coverage FAR 1.0 9485 m2 in extent One parking bay per 2.5 beds Current rental of R18000 per month from house (ultimately to be demolished). 3 phase power and Council water in place. At pre proclamation stage Ruimsig x 87 Bulk contributions payable Gatehouse and walls in place Site has been consolidated as Erf 539 Ruimsig