819 m² Land available in Pennington

R 545 000

Maria Jacobs

Harcourts-Scott Bay

819 m² Land available in Pennington

R 545 000

Land Area 819 m²
Rates R 1400

Welcome to the website of Harcourts Scott Bay!

Eden Rock Forest Estate is a luxury residential estate in Pennington. The estate is set on 64 ha of land and 40% of it will be left as indigenous forest. The estate is situated 2km from the beach and some of the sites have good sea views.

Costs at Eden Rock:

1. Levy: R 1850 pm

This is the estate levy and is used for the expenses of the Home Owners Association

2.Rates: +/- R700 pm

This is on a vacant piece of land. This would change once a house was erected

3.Grass cutting fee: R62.50 pm

Eden Rock provides a service whereby all vacant stands are kept free of alien invasive, as well as the grass cut to keep the stand looking as beautiful as it can.

4.Electricity, water and sanitation levy: +/- R650 pm

This is a charge levied by Eskom and UGU to all home owners.

Prices of stands vary from R650 000 to R 2 050 000 per stand. Potential clients can use their own architects and builders if wanted. The designs must meet the building specs and the builder needs to be registered.

Currently there are 11 complete houses on the estate. Selling prices for some of these start at 5 million up to 14 million. 1 house is built halfway, 1 approved and 2 more going to council early this year.

Eden Rock also offers a fractional title option. Each owner will have 6 weeks use, and the remaining 4 weeks of the year will be used for maintenance in the unit. The levies are estimated at R 1200 pm. Building will start as soon as the trigger is met, ie. as soon as 5 of the 8 shares have been bought. The launch offer is R375 000 and sold fully furnished.

One of the most important features of the estate is security. It is held in extreme regard, and with the automated gate system that works with both tags and cell phone correspondence. The guards patrol the estate on foot, touching a key to all tag points within the estate. These are logged and recorded, ensuring guards cover the estate corner to corner. 3 Cameras monitor the guard house, and a sophisticated fence line system that alerts the guard house if there are any breaches, and exactly where the breach is.

The information herein is correct to the best of our knowledge as provided by various parties, however errors and omissions excepted.

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819 m² Land available in Pennington

R 545 000

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