USD 60,000
6 Bedroom Cottage/Garden Flat for Sale in Ruwa
Ruwa BRER0266Real Estate And Property Development 101!
Reduced to sell!Terms accepted
Stand size-1200m, Title Deed,
Semi-detached x3 garden flatlets.
Each has 2 beds,kitchen,toilet and living room, own meter and boundary pegs.
An opportunity for the beginner developer to cut your teeth into this fail proof residential housing project at it's most vibrant and affordable entry level;
1. All infrastructure enablers to piggy back on are on site ( zesa, water and sewer line, road)
2. Title Deed- important , collateral - Other People's Money)
3. Stand size 3x larger than average in the area - meaning a fairly routine replanning application and permit, should you decide to go modern
4. Numbers don't lie. In its current state, the building has an estimate of about 4 years economic life remaining. Annual rent received is 7. 2k. Ruwa urban land is priced between twenty five dollars per sqm to sixty dollars per sqm on a sliding scale ( new and old surburbs). New house builds on 400 sqm are between Fifty five thousand and Sixty Five thousand for a modest 150 sqm footprint.
Your options;
1. Rehabilitation, care and maintenance for the remaining economic life of the buildings( cashflow plus collateral value for other projects)
2. Replan and develop two higher value new and separate houses and flip ( near term trading profit)
3. Replan and develop two new and separate houses and lease ( bump up the cashflow and
Collateral value)
In any of the above ways , you're a winner!
General Features
External Features
Internal Features
USD 60,000
BRER02666 Bedroom Cottage/Garden Flat for Sale in Ruwa
RuwaReal Estate And Property Development 101!
Reduced to sell!
Terms accepted
Stand size-1200m, Title Deed,
Semi-detached x3 garden flatlets.
Each has 2 beds,kitchen,toilet and living room, own meter and boundary pegs.
An opportunity for the beginner developer to cut your teeth into this fail proof residential housing project at it's most vibrant and affordable entry level;
1. All infrastructure enablers to piggy back on are on site ( zesa, water and sewer line, road)
2. Title Deed- important , collateral - Other People's Money)
3. Stand size 3x larger than average in the area - meaning a fairly routine replanning application and permit, should you decide to go modern
4. Numbers don't lie. In its current state, the building has an estimate of about 4 years economic life remaining. Annual rent received is 7. 2k. Ruwa urban land is priced between twenty five dollars per sqm to sixty dollars per sqm on a sliding scale ( new and old surburbs). New house builds on 400 sqm are between Fifty five thousand and Sixty Five thousand for a modest 150 sqm footprint.
Your options;
1. Rehabilitation, care and maintenance for the remaining economic life of the buildings( cashflow plus collateral value for other projects)
2. Replan and develop two higher value new and separate houses and flip ( near term trading profit)
3. Replan and develop two new and separate houses and lease ( bump up the cashflow and
Collateral value)
In any of the above ways , you're a winner!
