KEY INFORMATION
- Incomplete 7-home development on one Magalieskruin erf
- 3 homes complete · 3 part-built · 1 vacant stand
- Complete, finish, or build opportunity in a single cluster
- Two completed homes leased month-to-month (±R25 000–R30 000 avg)
- Homes planned as full-title units once complete
- Erf ±3 198 m² | Magalieskruin Extension 35
- Stand sizes ±312 m²–526 m²
- Planned / completed house sizes ±228 m²–310 m²
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FULL DESCRIPTION
On auction in Magalieskruin: an incomplete 7-home development on one erf, offered at various stages of completion — three homes fully built, three partially built, and one stand still available to build.
That mix gives buyers a clear complete, finish, or build opportunity in a single cluster. Homes are planned as full-title units once complete.
Once complete, each home is planned with an entrance hall; open-plan lounge and dining; kitchen with scullery; three bedrooms; three to four bathrooms; patio; private garden; double garage; and solar geysers.
Units 3, 4 and 5 are all en-suite. Unit 4 is complete. Unit 7 is almost complete (final bathroom fixtures, fittings, painting and related finishing). Of the partiallly completed homes: one is approximately 95% finished; one is built to first-floor brick-and-mortar; and one is fully built in brick-and-mortar and still requiring completion.
Two completed homes are currently leased month-to-month (estimated average rentals R25 000–R30 000 per month), giving an investor an income angle from day one while the balance of the development is finished or built out.
Legal description: Erf 780 Magalieskruin Extension 35, City of Tshwane, Gauteng. Erf size approximately 3 198 m². Individual stand sizes approximately 312 m² to 526 m². Planned / completed house sizes approximately 228 m² to 310 m².
