Development Land For Sale

R 79,000,000

Can I afford this?
2 years ago807 views
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General Details
Location:
For Sale By:Agency
Description
Location is the key, with magnificent sea views and currently approved for a development of 242 stands. Some of the stands could be changed for a small shopping centre or town house developments. The market is ready for a dream development.

Groot Brakrivier which nestles in a perfect Garden Route setting situated midway between George (30km) and Mossel Bay (27km). Sweeping panoramic views complement the outstanding characteristics of this jewel of the Southern Cape. The beautiful, unspoiled beaches in the area, and the lagoon, offer safe swimming. The presence of Southern Right and other whales from May till November is one of the town's main attractions.

The river that divides the village is rich in marine life while its wooded banks offer excellent opportunities for bird watching. Follow the circular route through the village and experience the history and culture of years gone by. It is a little gem of a town situated at the confluence of the Great Brak River and the Indian Ocean on the Garden Route of the Southern Cape. It offers the scenic beauty of the majestic Outeniqua Mountains and the azure blue sea, rolling green hills and pastures, rich agriculture and culture. River bush and fynbos, aloe and dolphin, whale, suikerbekkie and man live side by side in a place one can only describe as paradise. The area is yet to be discovered by tourists. There is an Art route, several Cycling and Hiking routes, the Fragrance route (lavender planted in local gardens) and a Historic route. The community is alive with cultural activities, musical events and art in all its forms. It's a tourist's paradise. It also offers great accommodation for the tourist, with plenty of sporting and leisure activities, real estate for the buyer and great opportunity for the serious businessman.

Property Reference #: RL1417

Agent Details:
Manie Oosthuizen
Property Connect Hoofkantoor
Office 4, Sayer Square
cnr Mitchell and Cathedral Street
George
6530

Id Subtitle 1004621663
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Estimated monthly repaymentR 856,129
Total property loan amountR 79,000,000
Total interestR 126,470,860
Total repaymentR 205,470,860
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Property Connect Hoofkantoor
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