1.1 ha Land available in Riebeek West

R 3 250 000

Carrol Adams

Leapfrog-Riebeek Valley

1.1 ha Land available in Riebeek West

R 3 250 000

Can I afford this?
Land Area 1.1 ha

CENTRALLY SITUATED LAND IN RIEBEEK WEST FOR RESIDENTIAL DEVELOPMENT INTO 24 OR MORE PROPERTIES. PERFECT TO FILL THE HIGH-DEMAND GAP IN THE PROPERTY MARKET WHICH IS FOR HOUSES PRICED LESS THAN R 1 500 000.

The land is conveniently situated withing walking distance of the shops and other amenities of the village. Stretching across from one road to the next, the ground links up with existing houses and adjoins a commercial -zoned piece of land on the main road that could provide the residential area with more retail facilities. 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. .There is an opportunity for a shrewd entrepreneur to purchase both the commercial and the residential ground for R5 500 000. The commercial land of 2951m has a purchase price of R2 500 00. More and more people are moving from Cape Town and other metropolitan areas, where properties have become prohibitively expensive and service provision less reliable, to country areas within easy commuting distance of the airport and the CBD. RIEBEEK WEST IS ONLY AN HOUR'S DRIVE FROM CAPE TOWN. There is an ever-increasing demand for affordable houses but, currently, the entry level for a modest home is almost R1 700 000! Out of the reach of many keen buyers.THIS IS A DREAM OPPORTUNITY FOR ALL ENTREPRENEURS AND DEVELOPERS - TO SATISFY AN EXISTING DEMAND FOR WHICH THERE IS NO SUPPLY!

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Carrol Adams

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1.1 ha Land available in Riebeek West

R 3 250 000

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