R2,000,000 | 16,264m² Vacant Land For Sale in Meyerton South

An excellent opportunity avail itself for the development of Cluster houses in the surrounding area of Meyerton. The 16000 square meter stand is rezoned to develop approximately 34 Strata-Landed houses which are situated near amenities such as schools, shops, petrol station and a gym. It’s close to the R59 for those that work in Johannesburg and doesn’t want to stay in the city, but rather prefer the tranquility of a small town with quiet surrounding areas. This is ideal for a developer with the opportunity to develop these properties with a huge turnover should they develop the properties and rent it out for a period of 12 months the rental income on 34 properties rented out at approximately R10 000.00 pm over a period 12 months equals to R 340 000.00 pm and R 4 080 000.00 pa.

The process of water, sewerage and electrical connections are done and the rezoned stands are ready to be built on. This property is just awaiting development, with the option of building from the plan or to allow new residents to build their own properties with specific building parameters. This is an excellent opportunity for a developer to invest in, especially in an area that is booming with new developments. The property is situated in Midvaal municipality and their service delivery is excellent. Accommodation in this specific area is in high demand and new developments are popping up everywhere, which is a good indication that your investment will grow over a period of time.