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Montrose, Montrose, Pietermaritzburg, KwaZulu-Natal
R 4 945 000
This spacious 5567m2 property is perfect for an investor looking to develop a residential complex. The approved scheme allows for a total of 11 units, The property currently has an existing house, which is roughly 230m2, and a freestanding double garage with servant's quarters. the existing house 3 bedrooms or 2 bedrooms and 1 study, a full common bathroom, and 1 en-suite. also feature an open plan lounge, kitchen, and dining room, a double garage, a laundry, and a veranda at the front. Please note that municipal submission fees, the final plan proposal, engineers/geotechnical design, and all other associated fees/costs are excluded. The property is in a closed corporation named Royal Consortium, with the sole member being the owner of the property. The property also comes with R250 000.00 worth of bricks on site, which will be included in the sale should the...
Estimated monthly repayment
R 46 697
on a R 4 450 500 bond over 20 years at 11.25%
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Montrose, Montrose, Pietermaritzburg, KwaZulu-Natal
Area view — the exact address is shared on enquiry.
Fair-value check
Fairly pricedIn line with comparable 4-bed houses for sale in Montrose
Based on 10 comparable listings
A market signal from comparable listings — not a formal valuation.