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SECTIONAL TITLE DEVELOPMENT FOR SALE For Sale

R20,000,000/30%-50% Equity Share

Description

A sectional title development project aimed at the gap housing market.  The project is privately funded and designed to provide a lifestyle to low cost housing purchasers that breaks with the expected cramped complexes and housing developments that this sector is exposed to.

This development offers the children the biggest garden possible and facilities to play sport and enjoy the outdoors in a secure green environment.

Aesthetically pleasing and designed to cultivate a happy and peaceful home.

The developer is seeking an equity partner to take up to 50% share of the development, but is willing to consider an outright sale if necessary.

Phase 1 : 30 completed units sold and occupied, 70 pre-sold units currently under construction.

Phase 2 : 152 units. Planned for completion in mid 2018.

Phase 3 : 150 units rental stock. Planned completion 2019.

The Common area is a  5 ha recreation facilities and greenbelt. Including sports field, swimming pool and braai facilites.
 EQUITY STAKE R20-30 million  RENTAL INCOME: R3 500 000 pa  YIELD: 12%

Property Documents

Detail

Updated on August 15, 2017 at 10:32 am

  • Property ID: PER116
  • Price: R20,000,000/30%-50% Equity Share
  • Property Size: 8 ha
  • Zone: Residential
  • Availability: Immediate

OTHER PROPERTY INFO:

  • Parking: Parking available
  • Rand per M2 Price Range:
  • Size range in M2: 300 x 50m² Units
  • Property Address

    • City: Boland, Western Cape
    • Country: South Africa

    Contact info

    CONTACT AGENT
    Phillip Rutherford
    082 494 1913
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