0 Bedroom Property for Sale in Victoria Bay R3 850 000. 16 May 2023

Property features

R3 850 000
0 Bedrooms
0.0 Bathrooms
0 Living Room/s
Garage for car/s

Property Details

Take advantage of a unique investment opportunity in the stunning Wolwe Eiland Eco and Nature Estate, where two plots are now available for sale at R3.5 million each. These privately-owned, undeveloped properties are part of a future development with breath-taking views of the Indian Ocean and Outeniqua Mountain range. See video below. The owners of Erfs 3 and 4 are looking for one or two investors who can buy the plots now and afford to build a large and luxurious house (estimated cost around R20 million) once zoning is approved. Alternatively, the plots can be sold for a nice profit once the zoning is approved, as the value of the plots is expected to almost double. The zoning approval is expected within the next 6 to 12 months, and the process has been ongoing for 18 months. PROPOSED CALCULATION – 500m² HOUSE • Erf price R 3,5 • Erf service R 1,5 • Construction (R 25 000/ m²) R 12.5 R 17,5 • Income (selling R 63 000 / m²) R 31,5 • Potential profit R 14,0 Don't miss this incredible opportunity to invest in a luxurious future home or profitable sale opportunity in the Wolwe Eiland Eco and Nature Estate. Enjoy the peace and tranquility of this large slice of heaven while your investment grows. Contact us today to schedule a viewing!