Farm for Sale in Uitkomst AH

Description

ONLINE AUCTION Bidding Start Time: Wednesday 30 July 2025 @ 09:00 Bidding End Time: Thursday 31 July 2025 @ 14:30 Registration is essential by Monday 28 July 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: Calling All Developers - Ideal Coastal Land Located right at the entrance of Paternoster, this unique piece of land is situated within walking distance of the Waterfront & Beach, trendy restaurants and social spots, as well as convenience stores and filling station to name a few. This project is suitable for developers and investors willing to jump in early on the coastal semigration trend. Paternoster has been identified as a target node for its lifestyle amenities, cost effective barrier to entry, cultural history, and limited stock supply. This existing brownfield site is serviced with connection points to council. The entire site falls under the Overlay zone of Saldanha Municipality and the proposed development conforms to the by-laws imposed. Note that the property is sold as is "voetstoot", as such the 3 residential dwellings in addition to any tenancy or occupation will be for the buyers' responsibility. The Seller will only consider outright land purchase. No JV proposals to be entertained. Claremart Advisory Department offers in-house sales, letting & development services for developers or investors looking to capital flip or secure leases or fill their pipeline. Exclusive commercial finance can be arranged. Proposed Development: • Gated lock up & go security estate • 73 Residential opportunities (2 or 3 bed duplex townhouses -  avg.size ±130 to 200m², mezzanine level on top, parking onsite with small gardens, kitchen, lounge, bathrooms) • Retail component (i.e small convenience stores, nationals like a OK ultra, Woolworths, medical rooms, etc) • An admin block (i.e security centre, hospitality, property management services for short-term and long-term residents) • Self-storage & parking facilities (i.e operator or sectional title for  residents or hire – boats, vehicles, personal belongings, equipment, furniture, etc) • SDP to be three-phased development over ETA of 3-4 years period. Each phase will cater to specific buyer pool (i.e retiree or primary resident, investor or holiday goer, retail or commercial). • Various packages available for residential finishes and fittings as well as interior/exterior add-on – price varies depending on selection (i.e adding swimming pool, tile flooring, solar panels, etc. • Estimated sale price for base housing unit is ±R2.5mill to ±R3mill incl.VAT per unit. • Option for short-term letting or long-term letting for investors with administration/management service – estimated ROI ±13% upwards on projections of ±R25k-±R40k per month rental income View at leisure. Contact Sachin & Rob for more info or OTP. DETAILS: • Farm no: 23-3, Paternoster • Farm size: 38536m² PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.