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Lynnwood, Pretoria East, Gauteng
ID 1296442

30 Bedroom Property for Sale in Lynnwood Gauteng
30 Bedroom Property for Sale in Lynnwood Gauteng
30 Bedroom Property for Sale in Lynnwood Gauteng
30 Bedroom Property for Sale in Lynnwood Gauteng
30 Bedroom Property for Sale in Lynnwood Gauteng
30 Bedroom Property for Sale in Lynnwood Gauteng
30 Bedroom Property for Sale in Lynnwood Gauteng
R 8 650 000

House

30.0

30

2340m2

2977m2

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House

30.0

30

2340m2

2977m2

Property features

  • R 8 650 000
  • 30 Bedrooms
  • 30.0 Bathrooms
  • 30 Living Room/s
  • Garage for 0  car/s
  • Outside Parking for 45 car/s
  • No Pets
  • Dining Room

Property Details

Remarkable development land is now on the market in the highly desirable gated community of Lynnwood Ridge. Ideally situated within walking distance of Lynnridge Mall and Gift Acres shopping center, this exceptional property is also conveniently located near The Wilgers Hospital and The Grove Mall. Families will benefit from excellent nearby schools and easy access to major highways.

The asking price of R8,650,000 includes TWO residential stands that have been approved for development as a combined stand, totaling approximately 2,977m². Currently, both original homes on the stands are occupied by tenants, generating a consistent rental income until development commences.

Zoning information: Res 4, permitting 101 units per hectare, which amounts to a total of 30 units.

Bulk contributions that are payable for the development to commence (as calculated in September 2022), are as follows:

  • Water: R139,176.45 (VAT included, 15%)
  • Sanitation: R234,750.42 (VAT included, 15%)
  • Electricity: R399,307.90 (VAT included, 15%)
  • Roads and stormwater: R167,441.61 (VAT included, 15%)

For further details, please contact Marius.

Harcourts Maritz

0126530386
[email protected]
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