This is a once in a lifetime opportunity to develop this uniquely beautiful property of 171 hac
This magnificent property has it all: Views through the famous Heads, the upper reaches of the Knysna River and right up to the Outeniqua Mountains, easy access to Knysna along a tarred road (10 minutes drive), and tranquility . It also has 400 meters of river frontage along the Knysna River
The property had at one time rights to be subdivided into 160 residential erven and various other zones such as commercial and hotel zoning. Tje Environmental Impact Assessment for this development is still in place and would not be required to proceed with development applications in future. The development rights lapsed and what is apparent is that at least nineteen 3 to 5 hectare plots will be allowed on the upper areas , leaving the lower lying flat area with 400 meters of river frontage ( about 30 hectares in all,) available for later development
An investor who investigated the feasibility of selling these erven was able to generate sufficient interest to find 9 investors who are willing to wait for the subdivisions of these erven to be approved. Their total investment on the purchase price of these erven is R25 m leaving only a small portion of the purchase price of the whole property still to be raised
These 19 erven will make for an ideal lifestyle estate
All in all, this is an investment opportunity which cannot be overlooked by a serious developer especially in view of the fact that the investment risk is minimal with the demand for such properties having already been positively established
For full details please contact the agent for more details Read more...