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R30,000,000

VELDDRIF - Prime Commercial and Residential Development Opportunity

DESCRIPTION

The property is situated in the centre of Velddrif between the Berg River and the main road of the town. The property has a riverfront footprint of approximately 750 meters that offers unobstructed river views. The Western boundary is the Port Owen residential neighborhood.

ZONING

According to the Spatial Development Pan Framework of the local municipality, the property is earmarked for residential and commercial development.

SERVICES

The property is not serviced, but connections are available at the Erf's boundaries.

MARKET OVERVIEW

The West Coast is experiencing a very strong economic growth period.

- The Saldanha Bay harbor area was declared South Africa's 5th Industrial Development Zone in 2015 and is currently being developed. The IDZ area has been serviced and construction of the upgraded road infrastructure is currently been constructed.
- Residential activity through-out the West Coast region is growing massively due to the economic growth.
- According to our market research the Berg River is the next "Langebaan" area, with the amount of new houses been built in Port Owen, Velddrif and Dwarskersbos, as well as the plans of upgrading the Laaiplek Harbor which will include:
- Up-market See Front residential development, a units,
- New Family Hotel with 145 Self catering,
- Refurbishment of the Laaiplek Hotel,
- New residential area,
- Tide less marina,
- Canals,
- New Dry dock,
- Wedding and Conference facilities,
- Amphitheater,
- Paved Walkways accessible for pedestrians and cyclist,
- Yacht Academy,
- Restaurants,

 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

400,617.01

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