R 4 450 000 | land property for sale in camperdown

This is a 54Ha residential development in the middle of Camper-down. The attraction here is the industrial boom happening in the area and a subsequent demand on the residential sector in the area. The town planning of the piece is at a fairly advanced stage with only the civil 's works to be done prior to lodging and opening of the township register. The site has already been divided and pegged into 31 pieces of land ranging from about 1300m2 to in excess of 1900m2. A valuation done in February 2016 puts the sold plots at R11m return, we believe this to be conservative and expect closer to R 13m return on land only sales. In terms of work to be done, an estimated R500k - R700k of civil work needs to be done to the water reticulation and roads to finalize the S23 certificate and finalize the town planning process and proceed to land sales.