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Approved Real Estate Development For Sale

Garden Route, Western Cape, South Africa
Asking Price:
R7,892,200
Sales Revenue:
Available on request
Cash Flow:
Available on request

An opportunity exists for a real estate developer to take over already approved and ongoing residential development projects from an established real estate developing company based in Mossel Bay, Garden Route. The seller is looking to immigrate.

Mossel Bay, is one of the fastest-growing towns in the Garden Route, Southern Cape. The town was recently named “best-run municipality in South Africa by Good Governance Africa (GGA), placing the spotlight on what the town has to offer those looking to buy a property and settle in a desirable coastal location.

The seller started his career in property development in the early 90s. Since then he developed a variety of housing schemes between Heidelberg, Western Cape and Groot Brakrivier, with Mossel Bay as the base and centre of these developments.

These projects are ready for development and the developments have been and are ongoing.

An optional extra is a project that is pending approval which approval is expected by the end of February 2021 and which is also available for R3.3m subject to final approval.

If you are a real estate developer, looking to expand your footprint to the fast growing Garden Route area, this is a great opportunity not to be missed!

The asking price excludes VAT.

Business Operation

Reasons for selling:

The seller is immigrating.

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