52ha to develop into 22 smallholdings of about 2ha in size. All development applications has been approved and only waiting on the right of development letter(ROD) from Swartland Municipality.
Calculated net profit of around R18 000 000.
R10 000 000 for the land, about R6 000 000 for infrastructure and expected sales of around R36 000 000. Reason for not taking the development to final stage is that the land owner wants to retire and cash up