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PARADISE DISCOVERED - 17 HA RIVER FRONT PROPERTY

R 4,500,000

Can I afford this?
5 days ago76 views
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General Details
For Sale By:Agency
Description

This magnificent property of slightly over 17 hectares is situated in the Northwest Province, South Africa, about 10 kms from the nearest town.

Located in a beautiful bushveld area surrounded by mountains with 1,2km river front. Steady river used for irrigation canals, fed from the Hartbeespoort dam - will never run dry. Abundant fish and normal water life in river. One side of the property fronts on a national tar road for 1204m. Small wildlife roam on the property. This is a tranquil area with unbelievable natural scenery – a true piece of paradise.

The property has been rezoned for Sectional Title development (35 erven proposed), as a public resort and for a 4x4 (stage 4) track. There is also an operating bar with a liquor and off-sale license (for visitors). There are some ablutions and chalets, bbq facilities, a large swimming pool, 50x electrical points for camping sites, etc. The resort and the 4x4 track is in operation although the resort has not really been developed to cater for non-campers.

There are various boreholes on the property of which one is fitted with a pump. Water availability is more than adequate for a Sectional Title Development. Solar is currently used for day to day requirements, but there is ESCOM (National Electricity) infrastructure that was previously used and can be upgraded again if required. 3 Phase power is available from an adjacent property.

Two adjacent undeveloped properties of 7 ha (indicated as A and B in the aerial photo) are available from different owners for consolidation into the Sectional Title Scheme, at low cost. This will increase the total erven to 55.

There are no land claims or workers residing on the property. No servitudes. Property is unencumbered. Absolutely limitless possibilities.

Owner is ill and has to retire.

The Sectional Title erven can be sold for a nice profit and the resort and facilities can be upgraded, none of which is obligatory. The property is also very suitable for development of a guest house or hotel, or can simply be enjoyed for retirement and to build a dream house there. Small scale farming with livestock etc. is also possible.

Price is R4.5m or nearest offer takes it.

Lots of photos and videos are available. Contact us to reserve your own area of paradise.


Danie Erasmus Attorneys, No. 2 Dassenberg Avenue, Brits, 0250.

Id Subtitle 1345643333
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Estimated monthly repaymentR 45,686
Total property loan amountR 4,500,000
Total interestR 6,464,473
Total repaymentR 10,964,473
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Danie Erasmus
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