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. The 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
The current zoning is "Agriculture" but the property is exempt from the prohibition of the subdivision of Agricultural land. so any application to create the 19 lifestyle erven on the top portion of the property will not be onerous
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. Selling at a conservative R2m per stand could ensure virtually a full recovery of the purchase price of the property and capital expenditure required to transform these 19 erven into an upmarket lifestyle estate , leaving the riverside bottom part of the property open for whatever rights can be granted thereon
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...
Photo Grid
