Large stand zwavelpoort r

• Property is situated in the Blue Zone (upmarket high-value property) area of Bloemfontein.and ready for rezoning. • New road planned to connect to LHP running in front of the property. • Very sought after area for development. • Units in the new development sold out within the first month. • Ideal for development • Cost per building opportunity is around R 190 000 per stand. • Empty plots selling for up to R500 000 in area. • Property has 2 boreholes. • Large house on property 5 Bedrooms 3 bathrooms with flatlet and outbuildings. Property in need of repairs!!! • 6ft electrical fence all around. • Municipal main sewage line directly in front of the property • Main power lines also direct in front of the property • Property very slightly sloped to allow for easy rainwater drainage. • The municipal map also indicating the property is earmarked for future housing development. • Possible to build up to 45 units and more depending on layout. • Conservative return on investment from R14 million • Property valued at R4,6 million • Developments in the area are working on R7 mil profit Per Hectare that gives R 16 mil profit Property Reference #: 1907176 Agent Details: Pieter Kriel National Real Estate 162 Zastron Street Bloemfontein