Velddrif Vacant Land for sale / to buy

Beachfront Stand: Atlantic Waves
Velddrif, Western Cape, South Africa

Price: R1,456,000

Newly promulgated legislation pertaining to development guidelines around beachfront and beachside developments will have a significant impact on coastal properties. Until recently guidelines prescribed that the recess from the high water mark to the front of beachfront stand was to be 30 metres with no specific reference as to the density of property beyond the 30 metre mark.
New legislation now dictate:
* The recess from the high water mark to the front of beachfront stands is to be 100 metres.
* Only 30% of the land between 100 metres and 1000 metres from the high water mark may be developed.
There will therefore not be more beachfront stands in the way we have grown accustomed to since beachfront stands in new developments will be a minimum of 100 metres from the beach. As a result of this legislation if you ever contemplated acquiring a beachfront stand now is the time to do so.

* This is one of the precious few remaining beachfront stands.
* Located in Atlantic Waves, Laaiplek.
* North-West facing.
* 712 sqm
* Leads onto pristine 1.5km stretch of uninterrupted wide sandy beach
* Abuts a green area.
* Inclusive of all transfer duties, conveyancing fees and bond registration costs
* Rebate of 13.1% of purchase price to cover mortgage payments for ±12 months
* 5% Deposit secures (payable in two instalments over 60 days)
* Transfer from May 2008 onwards
* No building time limit

Property Facilities

Velddrif property

◊ Bedrooms: 0◊ Bathrooms: 0

Contact Details

Velddrif property

JOHAN VAN WYK
Tel: 0829533522
Cell: 0829533599

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Property Number: 1111964

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