Sale
South Africa

4

Baths

18,429 m²

Floor area

18,429 m²

Stand size

House 4 beds 4 baths 18,429 m²

About this property

This 18429 m² development property is situated on the 'Platinum Mile' east of George en route to Victoria Bay in the heart of the world-renowned Garden Route.

This incredible property is perfectly situated on the N2, which is just 4km from the George CBD, 10km from the George Airport and 2km from Victoria Bay.

Approved ROD (Rights Of Development) zoning for:

  1. Business
  2. Residential
  3. Resort

Improvements on land:

  1. Two established, double storey buildings comprising of four apartments
  2. Established services: Water, Sewerage lines, Electricity throughout the property

The front of the property on the N2 is fenced and has an electric gate. The paved entrance continues along a circular paved road. The rest is partially fenced. The servitude road runs on the Western and Southern boundaries.

Rooms & layout

Bedroom × 4
Bathroom × 4

Features & amenities

Development propertyZoned for businessZoned for residentialZoned for resortWater servicesSewerageElectricityElectric gatePaved roadFenced

Price & ownership

Asking price R 47 400 000
Price per m² R 2 572
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 47,4M
Taxes + legal + admin fees R 6M

Rough split: 88.7% purchase price, 11.3% buying costs.

  • Asking price R 47 400 000
  • Transfer duty (est.) R 5 673 156
  • Deeds Office (transfer) R 7 751
  • Conveyancing (est., incl. VAT) R 327 927
  • Deeds lodgement R 52
  • Total indicative R 53 408 886

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice — confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 447 613 /month

Total paid over 20 years (deposit + repayments): R 112 167 028

Deposit 10% · R 4 740 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 42 660 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.