This is a great opportunity for the discerning property investor. This 1 ha smallholding in Gordons Bay has a highly visible location on the outskirts of Gordons Bay in the new development zone. Situated on the Sir Lowry’s Pass Road, 3 minutes from the N2 highway, it is a blank canvas waiting for the right person to come along and transform it into any of a myriad of ideas that can work here. Gordons Bay is seeing a high demand for real estate and this is a wonderful asset as there are possibilities for future development to suit the local tourism, business or specialized agriculture fields As far as possibilities go, this is Location, Location , Location.
The improvements on the property consist of a homestead and 5 additional cottages that are rented out to tenants with a monthly income of R56 000.00 per month with potential to do much better. It is fenced, well maintained and has a borehole. It is the perfect smallholding for creating a great lifestyle which is close to all modern amenities.
This property will not be on the market for long so don’t delay, so make an appointment as soon as possible
Gordons Bay property offers exceptional value for money for first time home buyers, people wanting to relocate, or for the prudent real estate investor making use of the many reduced Gordons Bay houses for sale.
Gordons Bay is no longer merely an idyllic holiday destination and is fast becoming the preferred destination for people wanting affordable houses for sale within the greater City of Cape Town...
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Disclaimer: While every effort will be made to ensure that the information contained within the Chas Everitt International Property Group website is accurate and up to date, Chas Everitt International Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
