Glen Lorne - Stands & Residential Land

$450,000

Ref.: KNP252428
An exciting opportunity to invest in a secure, high-end six-unit residential development featuring striking contemporary homes. The project is available either as a complete development or as individual stands with allocated architectural plans, permits, etc.

Renders are architectural impressions from plans.

OPTION 1: COMPLETE DEVELOPMENT – USD450,000

Ideal for a developer.

A shovel-ready six-unit cluster development with civil works, biodigester approvals, EMA documentation, architectural designs and the necessary permits in place.

Units 1, 4 and 6 have approved plans and are ready for immediate construction. The remaining three plans are nearing final approval.

OPTION 2: INDIVIDUAL STANDS

Each stand is sold with its allocated architectural plans, designs and relevant permits. Units 1 and 6 are ready for immediate construction.

Unit 1 – USD90,000, plus communal infrastructure contribution
Unit 2 – USD75,000, plus communal infrastructure contribution
Unit 3 – USD70,000 , plus communal infrastructure contribution
Unit 4 – Owner/Manager (retained) , plus communal infrastructure contribution
Unit 5 – USD80,000, plus communal infrastructure contribution
Unit 6 – USD85,000, plus communal infrastructure contribution

Construction of the main entrance, gate and perimeter walling will commence as stands are purchased. The development will also include communal areas and a shared driveway.

IMPORTANT: Communal Infrastructure Contribution
In addition to the stand purchase price, each purchaser will be required to contribute an estimated USD15,000–USD20,000 towards shared communal infrastructure. This will cover the communal biodigester, driveways, entrance and gate, perimeter walling and other related development costs. The final contribution will be confirmed once all quotations and cost allocations have been finalised. Purchasers will be required to commence and complete construction within an agreed timeframe to maintain the overall standard and continuity of the development..

Full plans, approvals, renders and supporting documentation are available to serious buyers.

Property is situated 17km from Highlands Park.

Property Size in m24383 m²

Kennan Properties