This estate was sold on auction due to bankruptcy and was used as a small holding for cattle etc by the owner for the past few years.
The owner is now immigrating and is looking to sell off the development land. This poses a great opportunity for investors and developers alike.
We own a development company in the area known as Kouga Developers Pty. Ltd. and have senior personnel who worked as contracts managers for Stefanutti stocks on various macro projects like Nelspruit High court, Villas in Mauritius, Bank of Tanzania to name a few. We have done in depth research on this project and there is great ROI to be hand within 24 months of the investment.
Investor would need to invest around R 35 000 in total to finish the internal services and build the first few high density and Res 1 housing for resales and or rentals.
Land is situated next to the local airfield and 600 m from one of the top 10 beaches in Africa. ideal for aviators and fisher man.
This land has been zoned and approved by local authorities, and they are keen to get this development off the ground again.
At the current price it is a huge bargain. Ripe for the picking.
The land consists of 1 well-built 6-bedroom house with a fancy gate entrance and 150 m2 office space with security offices at the entrance too. There is also 2 x large 360 m2 storage areas near the waterfront. The water on this property is spectacular with wildlife such as bush buck, Nyala, Porcupines, steenbok, duikers, and hundreds of birds' species roaming around constantly. In the summer the sky as black from swallows coming home for the summer. It's a sight to see...
The development is 70% serviced with surrounding walls, entrance, security offices, large admin office space and staff buildings in place. All the roads are serviced with stormwater drainage & water. Die electricity infrastructure does needs some work, but most of the other bulk and internal services are already in place! 50% of the roads are already paved, and 75% of the side walls and streetlights are already fitted.
There is a huge dam on the one side of the premises which could work well as a vacation spot over holidays with play area for kids and fishing opportunity for dads and lads.
The land is situated 600 m from one of the most beautiful beaches in Africa. You can walk from Paradise beach to st Francis by foot via this beach.
These stands can be developed in phases with an average profit margin of R 500 000 per unit.
There is a high demand for hangers and housing near airfields since st Francis is full. There is also a big demand from buyers looking to retire around here.
I would do a mixed development with Business zoning near the waterfront for a small vacation resort, with bigger Hanger stands next to the airfield and near surrounding land.
The balance would work well for gap housing and 3 story penthouses with an AMAZING view all round.,
We can quote and do the entire project for you, from start to finish. Turn key. High yields.
The zoning was subtracted by the owner due to the higher rates and taxes but can be activate once again for a willing and able developer.