R 8 400 000 | business property for sale in ruimsig

Walk across Peter rd to Monash University Ruimsig from this well positioned Student housing stand ! Or build 140 conventional apartments in this popular suburb. Semi serviced with gatehouse in place Fully walled 140 units 4 storeys permitted Next to new Student Housing development 50% coverage FAR 1.0 9485 m2 in extent One parking bay per 2.5 beds Current rental of R18000 per month from house (ultimately to be demolished). 3 phase power and Council water in place. At pre proclamation stage Ruimsig x 87 Bulk contributions payable Gatehouse and walls in place Site has been consolidated as Erf 539 Ruimsig