Commercial business for sale in Sedgefield Rural

A rare opportunity exists to acquire one of the most beautiful pieces of Real Estate on the Garden Route. Situated at one of the most iconic lakes in the area, the property offers exceptional development opportunities. 5.4 ha of this exceptional 28 Ha property has been approved for the development of 93 residential erven. Set in a pristine valley and nestling under trees with wide expansive lawns, this resort offers 13 Chalets and lodges, a restaurant, main house, administration building, squash court and tennis court, two pools, sauna and gymnasium. The resort is a short distance from the sea and marine reserve.

PHASES:

PHASE 1: Business Zone 2. (.33 ha) Restaurant, shop, storeroom, and two accommodation units.

PHASE 2: Resort Zone 1. (1.31 ha) Eight lodges, swimming pool and play park

PHASE 3: Residential Zone V. (1.39 ha) Five cottages, main residence, swimming pool, squash court and tennis court.

PHASES 4, 5 and 6. (5.54 ha) Ninety-three single residential erven (Average +- 550m²each)

Open Space Zone II: 18.10 ha comprising Squash court, Tennis court, several play areas and various outbuildings for storage.

The following has been approved / locked in / commenced:

1. Environmental authorisation (ROD)

2. Licence to abstract ground water

3. Rezoning & subdivision rights entrenched

4. Service level agreement has been signed with the municipality

5. Site development plans approved

6. Phased development application approval

7. Home owners association approved

8. Architectural design manual approved

9. Street names and numbers approved

10. General plan – approved by the surveyor general

Still outstanding & in process:

Registering of servitude over portion 95 of 205 (access onto Fraser Street, Sedgefield)