Property
South Africa

3

Beds

1

Baths

11

Parking

1,115 m²

Floor area

1,115 m²

Stand size

Commercial 3 beds 1 bath 1,115 m²

About this property

1932 House with original design and style, featuring walk-around stoep and lovely trees. The property includes a large old pool, 2 external buildings, and double carport. Strategic corner position on Jorrisen Street with high visibility and accessibility.

Property Valuation: Bank valued at R2.2 million, supporting the asking price. This valuation is based primarily on the stand size of 1,115m², the strategic positioning in Sunnyside, and the property's prominent frontage along Jorrisen Street.

Development Opportunity: The property offers significant potential for developers and investors. The 1,115m² stand enables flexible design options including multi-phase development, purpose-built professional spaces, and on-site parking. The high-traffic arterial location on Jorrisen Street provides excellent visibility and branding potential suitable for medical suites, consulting rooms, offices, or other professional practices. Existing water, sewer, and electricity connections are in place. The property offers multiple exit strategies including owner-occupied professional use, rental offices, residential redevelopment, or resale to another developer once approvals are secured.

This is a strategically located land parcel with bank-approved value and multiple development and commercial opportunities.

Rooms & layout

Bedroom × 3
Bathroom
Room × 3
Garage × 11

Features & amenities

PoolDouble carportExternal buildingsDeveloper opportunityHigh visibilityStrategic locationJorrisen Street frontageFlexible developmentParking potentialProfessional space potential

Price & ownership

Asking price R 1 850 000
Price per m² R 1 659
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 1,9M
Taxes + legal + admin fees R 62,6K

Rough split: 96.7% purchase price, 3.3% buying costs.

  • Asking price R 1 850 000
  • Transfer duty (est.) R 24 786
  • Deeds Office (transfer) R 1 608
  • Conveyancing (est., incl. VAT) R 36 110
  • Deeds lodgement R 52
  • Total indicative R 1 912 556

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice. Confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 17 470 /month

Total paid over 20 years (deposit + repayments): R 4 377 827

Deposit 10% · R 185 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 1 665 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 1 850 000