| | Opportunity to Develop Exclusive Plot - 25-Plot Development
Location: Cob Bay, Eastern Cape
Property Type: Investment Project
ZAR 2,270,000
Contact: SA Investment +27(0)21 790 9900 |
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Cob Bay is situated on a 118ha tract of land 4km upstream of the Kariega River mouth. The river offers superb boating, fishing and swimming in an unspoiled natural environment setting. The top portion of the property is on a ridge that commands magnificent panoramic views. Existing infrastructure includes a 5-bedroomed house, a cottage, a shed and 5 reservoirs. The bottom portion includes 3km of river frontage.
Cob Bay is close to popular Eastern Cape resort towns, top game parks, the cities of Port Elizabeth and East London, and historic Grahamstown.
We are looking for a sole developer to manage and finance the entire development which will include:
25 to 30 plots / dwellings on the 46ha top (ridge) section which has great views of the river and surroundings. A small river launch area and boma on the extreme northern border. These riverside facilities will be for the use of residents of the ridge development.
Actions which are being undertaken in order to support the proposed development are:
• Environmental Impact Study (At advanced stage)
• Development Layout (Done)
• External game fencing: to include 5 neighbouring farms
in order to enhance security and conservation and to
create a conservancy (Planning stage)
• A new access road. (Planning stage)
• Eskom power (Line from main sub station is presently
under construction)
• Upgrade of existing house which will be rented out for
business or private use. The 300m2 house has 5
bedrooms, 2.5 bathrooms, a double garage, awesome
views.A bond is being raised with a
view to completing the upgrade by the end of
September). |
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