2951 m² Land available in Riebeek West

R 2 500 000

Carrol Adams

Leapfrog-Riebeek Valley

2951 m² Land available in Riebeek West

R 2 500 000

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Land Area 2951 m²

WELL POSITIONED COMMERCIAL LAND FOR SALE. ON A CORNER, WITH FRONTAGE ON THE MAIN ROAD OF RIEBEEK WEST. HIGH VISIBILITY. WALKING DISTANCE FROM THE RESIDENTIAL AREA. IT ADJOINS RESIDENTIAL LAND FOR DEVELOPMENT AS 24 + HOUSES.

Right on the main road! Facing the Kasteelberg mountain, this good sized land stretches along the main road of the village to join with an established group of shops. Across the corner from it is a mini supermarket and a middle-income housing estate. The main road is part of the R311 which runs from Riebeek Kasteel, through Riebeek West to the N7 which connects the towns of the Swartland and West Coast area to both Cape Town and Namibia. Riebeek West has recently seen an upsurge in development activity with new residential and commercial buildings changing the landscape. The new businesses have created employment in the immediate area and with it a sector of society with both disposable income and the means to support mortgage finance for their own homes. This valuable piece of land enjoys the best of both worlds. It is contiguous with 10 730m of land that is ready for residential development so any business enterprise undertaken on the commercial land will have a ready market for goods and services on its very own doorstep. The opportunity exists for a shrewd entrepreneur to purchase both the commercial and the residential ground for R5 500 000. The residential land on its own has a purchase price of R3 250 000. The market in Riebeek West is set to expand as more people move from the Cape Town metropolitan area, where properties are prohibitively expensive, to country areas within easy commuting distance. RIEBEEK WEST IS ONLY AN HOUR''S DRIVE FROM CAPE TOWN. GET IN ON THE GROUND FLOOR!

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Carrol Adams

Carrol

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2951 m² Land available in Riebeek West

R 2 500 000

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