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Description

 

LOCATION: situated on the farm Vergenoegd adjacent to the Kramat Road in Faure 34.03924 S, 18.74864 E.

  • 850 dwelling units being sectional title, group housing and single residential
  • Price range: R1million to R5 million per unit
  • Style: cape vernacular architecture with a variety of styles and roofscapes
  • Curro Castle pre-primary school or similar
  • Small convenience shopping centre/offices
  • On-site sewage treatment and water reclamation works
  • Approximately 18 ha of sellable area
  • 27 ha of developable area
  • Relocation of the dam

37 ha of nature reserve including 1.2 km of river frontage

PlanUpside
Total sell-out including vatR1.95   billionR2.3   Billion
EBT R300   millionR500   Million
Average selling price plot and plan R2.3   millionR2.7   million
Average selling price per square metre R   17,800R19,000
Land cost per opportunity R212,000R212,000
Services cost per opportunity R334,000R334,000
Profit per opportunityR350,000R590,000

STATUS OF RIGHTS

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Details

Updated on September 16, 2020 at 10:22 am

  • Reference #: 1313776
  • Price: R212,000,000
  • Suburb / Town: Cape Town
  • Property Type: Vacant Land / Stand
  • Building Size: 82.0 ㎡

Address

Vergenoegd Wine Estate

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