Port Alfred, 1371 sq stand, 13 Sea Rest (Erf 5770). Price Reduced. No Transfer Duty. Land is Wealth

Your wealth creation begins with land. Build your dream vacation / Air BnB / retirement family home at your own time and pace. Invest in this prime land 1371 sqm vacant stand. Priced below market rate at R 277/sqm

13 Sea Rest Street in Forest Downs, Port Alfred (Erf 5770 Ndlambe).

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https://maps.app.goo.gl/H8y2uq8bFcreCohd6?g_st=awb

Contact | Thea Venter - Principal Agent, EPS Property in East London

https://www.epsproperty.co.za/vacant-land-plot-for-sale-in-forest-downs-115954035

Price reduced from R 390,000. No Transfer Duty/Fees payable. Price is neg.

Submit your Online Offer to Purchase | https://www.myroof.co.za/MR591281

Situated at the cul-de-sac, this is the second largest stand at Sea Rest Estate. No Levies payable on the Estate yet. No maintenance will be required while the land remains vacant. All municipal services are accessible (electricity, water, refuse, sanitation).

Prior municipal approved Building Plans and a recent Independent Property Market Valuation Report will be made available at no additional cost to the Purchaser (incl. Structural Engineer's Drawings). The potential saving for the Purchaser. The re-submission fee for municipality approval shall be borne by the Purchaser.

Serious Buyers only. Private Sale. No Offers below R 349,500. 10% Deposit with Conveyancers 7 days after OTP.

This very well positioned vacant stand was independently valued with a market value of R 550,000 as at March 2024. The actual Sold Prices for similar properties ranged between R 350,000 and R 450,000 in year 2023.

The existing prior approved architectural design offers 832 sqm floor space. A potential redesign saving of R 60 / sqm. The plan was designed for a Bed and breakfast or large family or work from home. The plan boasts 2 Penthouses, 4 spacious rooms, patios, 2 spacious lounges, 1 gym facility, 1 prayer room, braai facility, sun deck under one roof. Water and energy saving.

The Offer To Purchase terms and transfer shall take effect within 30 days from date of signed valid Offer To Purchase. Deposit of 10% is payable to the Conveyancing Attorney's Trust Account within 7 days from acceptance of the Offer.

The Selling Price shall remain the same, with or without the prior approved building plan.

The property is situated in an Estate in one of the suburbs of Port Alfred namely Forest Downs. Port Alfred is a Coastal town in Ndlambe Municipality, in the Eastern Cape Province of South Africa. The property is situated on the eastern seaboard of the country at the mouth of the Kowie River, halfway between the larger cities of Port Elizabeth (Gqeberha) and East London and 30 kilometres west of Cannon Rocks. The property is situated about 154km to East London, and about 156 km to Port Elizabeth (Gqeberha). Both cities boast of facilities incl Airport, Harbour, Industrial Development Zones (ELIDZ, Coega), Tertiary Institutions, good schools, listed companies and critical government depts.

Most basic amenities in the town are all within a 5km radius.