Monthly Bond Repayment R121,510.22
Calculated over 20 years at 8.75% with no deposit.
Web Ref No 3599669
VALUABLE LANDMARK 70 ACRE PROPERTY FOR POTENTIAL DEVELOPMENT AS GATED ESTATE
"Heidi's Farm" in the heart of the pristine Assagay Valley - 280,000 sq m land. 500 sq m buildings on a rural residential gated estate. The latest re-zoning trend in the area shows a move towards a rural residential re-zoning which will see 1 unit per 4000sqm of developable land. In this scenario the future re-zoning of the farm from agricultural to rural residential would see the approximate 12ha of developable land yielding a potential 30 sub-divisions or units in a gated estate. Under the same re-zoning direction to rural residential, an education establishment or a medical institutional are potential options by special consent from the municipality. Alternatively one could use the existing zoning AGRICULTURE 1 which allows 2ha sub divisions and this will result in approx. 12 sup divisions of 5 acres each which could make for an interesting gated community.
There are 3 dams on the site which also lends itself to being used agriculturally for tunnel growth options. This physically beautiful property is 3 kms from the freeway, 2 kms from Hillcrest central and 2 Minutes from Kearsney College. It is very seldom that we find properties of this size and calibre on the market.
Recep. Rooms 5
Dom. Accom. 1
Land Size 28Ha
Monthly Rates R9,541.00