Key Points of the Investment:
- Vacant Land: 10 hectares with 100m of Vaal River water frontage.
- Shares: 1/3rd share available at R900,000.
- Zoning: Fully zoned & approved for a holiday resort, retirement village, stand-alone homes, guest houses, caravan parks, campsites, boathouses, fishing, etc.
- Minimum Homes to be erected per share: 5 homes per share. (15 homes for 3 shares)
- Modular Homes: Budget-friendly options from R300,000 for a 3-bedroom home, with one-bedroom homes starting from R86,030 + VAT (YG Log Homes – fully off grid).
Cost Breakdown:
- Land: R900,000 for a third share of the river frontage 10-hectare vacant land.
- Land Value Per Home: R180,000 per home (since you can build at least 5 homes).
- Home Cost: R300,000 for a basic 3-bedroom modular home or R86,030 + Vat for a one bedroom (YG Log homes – fully off grid)
- Total Cost per Home: R480,000 (R180,000 land + R300,000 home).
- Additional Costs: Borehole, fencing, and road infrastructure—these will need to be shared by all parties involved, further lowering the per-person cost if the group is large enough.
Further Considerations:
• Customization: There are multiple companies providing modular & pre-fabricated homes, each with different pricing and designs. You might want to compare them for quality, build time, and warranty options.
Example Scenario:
• With modular homes costing as little as R300,000 for a 3-bedroom, it’s very cost-effective for an investment property that can generate rental income or be used as a holiday retreat.
