1,632m² Vacant Land For Sale in Franschhoek

R10,000,000


Monthly Bond Repayment R96,502.16
Calculated over 20 years at 10.0% with no deposit.
Change Assumptions

Web Ref No CEAP-0002

Developers Dream Come True! Franschhoek!

Developers Dream Come True! Franschhoek!

The L’ermitage opportunity available is an outright purchase of approved development rights, contained in the Real Right. The purchaser will have the Real Right to develop these sectional title units in accordance with the approved Site development.

No waiting for years of rezoning and applications and processes, waiting in ques and running around like crazy, no, none of that. That’s been done for you! Serious!

This opportunity includes plans from architect Chris de Hart for six 3-bedroom units and six 2-bedroomed units.

The approved rights are vested in the “real right of extension” (RROE) of an approved sectional title scheme. This extension was formally approved at the inception of L’ermitage in 2007. Therefore, the opportunity is the acquisition of a number of the RROE’s grouped together which allows for the development of those rights into sectional title properties.

Franschhoek is a traditionally French town acclaimed as the food and wine capital of the country. Eight of the top one hundred restaurants in the country are found in Franschhoek. With more than thirty wine estates and about twenty-eight restaurants from which to choose your gastronomic experience. The Franschhoek valley has a Cap Classique route that includes nine cellars, within a distance of 4km from one another, in a combined marketing initiative. Today, many of the wine farms still bear their original French names and most of these farms have beautiful examples of Cape Dutch architecture.

Franschhoek main street is lined with restaurants and coffee shops has a wonderful collection of art galleries and a wide selection of boutiques, jewellery stores and curio shops There are also a number of walking trails in the surrounding mountains for those with a preference to escape and explore the local flora and fauna.

Features

Land Size 1,632m²

Agent Contact Details

Gawie Nieuwoudt
Franschhoek

Cell 061 512 4330
Office 061 512 4330

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