Property Description

This is a unique opportunity to purchase a 9.6Ha property at 2006 prices and be enabled to develop this unique estate property or to utilise the property as a smallholding.
The property has municipal services and has access via an existing municipal road. ROD for 68 erven/house units previously approved, new application required. Rates and taxes, as well as service availability taxes have been fully paid up.
The property is a 9.6 Ha smallholding situated in the existing urban edge of Great Brakriver and has the potential to be developed into at least 69 future erven. A full environmental study was previously done and approved. The relevant engineering studies were completed and the proposed subdivision plan formulated. The proposed development project will get access from an established road in Great Brakriver. Internal roads for the estate would be according to standards set by Mossel Bay Municipality.
A geotechnical report was done for the EIA and no difficult soil conditions were found.
Heritage study and Visual impact studies approved before the ROD was approved in 2010. LG plan of property available to serious purchasers.
Selling price is well below valuation and market.
The development has the potential to have a 100% return on equity following a conservative approach in the Groot Brak River market.
Exceptional river, estuary and sea views from the majority of the erven/houses, once developed.
Do not miss this unique development or investment opportunity.