PROPERTY DEVELOPERS .....This could be your opportunity to bring to Kwa Zulu Natal Midlands the newest secure and gated County Lifestyle Estate...just off the N3 only 140km from Durban en route to Johannesburg with the majestic Drakensberg as a its western backdrop, nestled in between prime horsestud, beef and dairy farming country, and within good proximity to a few private Midlands schools and colleges.
Buy a FULLY SECTIONALIZED PROJECT with existing houses, townhouse and apartments as well as REAL RIGHTS for future development. Minimum input, maximum return.
THIS IS NO LONGER a timeshare establishment, so do not be put off and assume you will be purchasing to continue with the ownership and management of timeshare .. rather you will have invested in a property where the former timeshare shares have been bought out and the units have been Sectionalized. What does that mean??? It means that Sectional Title units and Real Rights are available to be sold off individually....BIG RETURNS - think about it. All plans have been approved by the Surveyor General and infrastructure is in place.
• The property is for sale outside of the Shareblock Company.
• A tripartite agreement will be entered into between The Purchaser, The Share Holder and the Shareblock Company.
• The Shareblock is VAT-registered and the property can thus be sold as a GOING CONCERN.
• The property has been Sectionalized – plans are approved by the Surveyor General.
• Should Purchaser sell off a Section/s of the property, a Body Corporate will be deemed to have been formed upon the transfer of the first Section out of the name of the then-owner and into the name of the new owner of said Section/s.
• At formation of the Body Corporate, Levies will become payable by the Owner/s of all of the individual Sections in the Development, to cover the costs of the newly formed Body Corporate
The property is 78.6 ha in extent....
- 58 x EXCLUSIVE USE individual saleable sections made up of 38 chalets(all infrastructure in place and serviced)
((31 x 1 bedroom units / 23 x 2 bedroom units / 1 x 3 bedroom unit / 3 x 4 bedroom units)).
*18 x Real Right stands (no infrastructure - not serviced)
Other COMMON USE facilities on the property include:
*Restaurant
*Swimming pool
*Spa and wellness centre
*Kids Club
*Mini golf
*Tennis court
*20 Stables for horse riding
*Small dam for trout fishing
*Golf course (mashie)
*Conference Centre
*Boma
*2 x Manager’s accommodation units
Being sold LOCK STOCK & BARREL (except for personalized items)
SERVICES:-
MUNICIPALITY: MPOFANA
ELECTRICITY: ESKOM
WATER: BOREHOLE (POTABLE) 12 000L per hour
WASTE WATER: SEPTIC TANKS & SOAK AWAY
DAM - for recreational use
VAT: VAT WILL BE ZERO RATED IF BOUGHT AS A GOING CONCERN.
If you would like to arrange a viewing, please contact MICHELLE LANG (contactable on email or WhatsApp.)