Residential Development Project For Sale
Location South Africa
Asking Price Range $10.0M - $20.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description This is a private residential development project. The total extend of the development area is 65 hectares which was subdivided into 592 residential erven of 500 square meters as well as 1 commercial erf of plus minus 2 hectares. A total of 268 erven of the 592 erven was sold and transferred leaving an amount of 324 residential erven and the commercial erf bonded stock unsold. The nett value of the unsold erven and the commercial erf amounts to $16 million. All erven is fully serviced and ready to be sold as serviced erven or as plot and plan units.
This deal is for serious investors only. There will be no third party contracts unless an agent/broker contacts me. The advantage of having direct contact with the developer earlier on in the deal is that it makes the conducting of due diligence easier and faster.
Price of Development Project: $12.8 million save $3.2 million. Email or call Isaac at 0767859821 for more information on this development project for sale.
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