Developer Opportunity: Prime Land for Development in Sea Park

Developer Opportunity: Prime Land for Development in Sea Park

This is a unique opportunity to invest in a large parcel of land in the picturesque Sea Park, ideal for developers looking to build in a thriving coastal community. The land offers versatile options for development, with a sectional title erf of 46,198 square meters and five additional free-standing stands located within the exclusive UKUSA River Estate.

Sectional Title Erf (555): The available land spans 46,198 square meters and can be developed until August 2028.

UKUSA River Estate: A part of the Milkwood development, currently featuring 20 out of 70 semi-detached units, with some already occupied.

Development Potential: There are 50 unbuilt semi-detached units ready for construction. These units are marketable and present significant potential for profitable sales.

Priority Infrastructure: It is strongly recommended that the frail care facility be developed first to attract early clients, driving demand for the remaining 50 units. The Sectional Title land is available for development until August 2028. All existing buildings have been sold to the previous shareholders.

Land Details: Sectional Title Erf 555 spans 46,198 square meters. Additionally, there are five free-standing stands within the UKUSA River Estate, currently selling for R165,000 plus VAT each, which equals R189,750 inclusive of VAT. The price for the undeveloped Erf 555 land is R6 million.

Future Development: The overall master plan includes four apartment buildings with 200 apartments, as well as retail spaces, dining rooms, and lounges. These buildings must be completed within the designated timeline as specified in the development terms.

Location Highlights:
Proximity to Essential Services:
5.5 km to both state and private hospitals
1.7 km to the beach and rock pools
Shops within 2.5 km
Police station just 4.4 km away
Close to Amenities: Churches, accommodation options for visitors, and various local amenities.

Tranquil Coastal Setting: Enjoy the serene atmosphere of this coastal area, providing an ideal environment for both residents and visitors.

Existing Infrastructure:
Entrance gate
Tarred roads
Bulk electricity and water supply already in place

This is a prime opportunity for developers to invest in a highly sought-after, well-positioned site in the flourishing Sea Park coastal region. Offering significant potential for both immediate and future growth, this land is perfect for a developer looking for a profitable, long-term project. With existing infrastructure in place and the ability to capitalize on ongoing demand, this is a rare chance to develop in a rapidly growing area.

For further details and to schedule a site visit, please contact Real and Proper T today.