345m² Vacant Land For Sale in Alra Park

R20,000,000

Monthly Bond Repayment R216,741.41
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RL169033

The property is located next to the residential neighbourhood of Alra Park in Nigel. The Business/Retail site is located on the intersection of the R51 Balfour Road and the R550.

The proposed development consists of
• 596 Full Title Residential stands (approx. 200m² each)
• 1 Sectional Title Stand (approx. 80 units)
• 1 Business stand (1,9 ha) can be used as retail

The development consists of 7 phases and is structured in such a way that the option is available to convert a portion of the development to sectional title rental units should there be a need for social housing units.

All bulk services are available as per the signed services agreement.