R8,490,000
Monthly Bond Repayment R84,762.45
Calculated over 20 years at 10.5% with no deposit.
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R890
Property with business rights on Boschkop road in the proximity of New University.
Business Opportunities include a Clubhouse, Restaurant, Conference facilities, Residential developments as part of this Sectional Title scheme development.
The main house with 10 rooms and various bathrooms which is currently used for overnight facilities.
3 Flats are rented out to permanent residents as well as the 600 sqm workshop and the second 4 bedroom house.
2 Boreholes supply the necessary water.
3 Phase electrical connection for the whole development.
It is situated within the rapidly developing Boschkop / Mooiplaats growth corridor in Pretoria East. The property is in close proximity to the new Akademia University campus and the Waterlake Farm Lifestyle Estate, with direct access from the R631 (Boschkop Road), which links to Graham Road (the Lynwood Road extension) – a main arterial route through the area.
Other possiblities.
Student accommodation
The property is ideally positioned near the Akademia University campus, which is scheduled to open in 2028. While the first phase of the university will not include student accommodation, later phases are planned to add hostel facilities for approximately 5,000 students. This presents a significant opportunity for purpose-built or converted student accommodation on the property.
All modern amenities are close at hand, with the Hazeldean neighbourhood shopping centre, the Boschkop Police Station and Wilgers Hospital all situated within a 17km radius.
Lodge & Venue
There is clear scope to upgrade the existing restaurant and lodge operation. The current storage building could be converted into a conference and wedding venue, complementing the existing chapel, which already offers seating for approximately 100 guests.
Self-Storage / Mini-Storage.
Self-storage and mini-storage facilities might be a possibility as it has become an increasingly common sight across Pretoria East, reflecting strong and growing demand in the area.
The continued residential and commercial development of the Boschkop / Mooiplaats corridor, together with the new Akademia University and surrounding lifestyle estates, is expected to drive this demand even further. With its substantial workshop and storage buildings, ample open land, and secure fenced perimeter, it is an ideal situated property to develop.
Features
KOOS SMIT
Non-Principal Property Practitioner Registered with PPRA(FFC 1157761) Show number View my listings WhatsApp
