Calling on Developers - Opportunity to be part of Langebaan's fast growing property market

R 68,000,000

Can I afford this?
1 month ago89 views
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General Details
For Sale By:Agency
Description
A unique opportunity to invest and develop this prime beach front property in Langebaan has become available!  This stunning beach-front property consist of 2 adjacent parcels of land - 8672 m2 and 2800 m2 =  totalling 11 472 m2 (1.1472 ha).
The property lies adjacent to  restaurants and the casino and provides the perfect opportunity to develop holiday accommodation or upmarket permanent residence with spectacular views of the lagoon and Mykonos.  This property is one of the few remaining properties of Beach/Resort Development in Langebaan.
Bulk services will be made available for water, sewerage and storm water connections.  The "resort residential" or "hotel" zoning allows for development of residential units for permanent occupation or holiday accommodation.  The local Town Planner also confirmed that an EIA (Environmental Impact Assessment)  will not be necessary.   A special development plan will be required and certain requirements for the development have to be adhered to.  Density of 50 dwellings per ha, coverage 25 % and height restriction of three storeys are stated.
Langebaan is a tourism hotspot and a pristine environment with the West Coast National Park on its doorstep.  The spectacular flower season is an international event every year and all round holiday destination, not only for kite- and wind surfers but also for  fun family activities!  Come and invest in the ever growing popular Langebaan on the West Coast of SA.  Call me today to discuss this opportunity and all the finer details. This property is perfectly located on the beach-front close to many amenities.   There is an existing resort, a very popular holiday destination, adjacent to these properties. All certificates and documentation on requirements are available on request. Contact us today!

Property Reference #: 7002001-49232

Agent Details:
Rory Muldoon
EXP Realty
South Africa
13 Nankies Nook
Eldoraigne , Eldo Park Estate ,
157
Id Subtitle 1274190514
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Estimated monthly repaymentR 736,921
Total property loan amountR 68,000,000
Total interestR 108,860,993
Total repaymentR 176,860,993
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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