New Housing Development for sale in Matatura, Swakopmund
Registered in a PTY
Looking for Investors to invest in the development or buy the whole development.
Consists of:
2 x Gen Residential erven - of 8,488m² together, it is proposed to build 85 sectional title units on the 2 erven.
198 x Single Residential erven
There are 3 types of house plans to choose from.
Type A - 96m² - 2 Bedroom + Garage -
N$ 880,800
Type B - 99,5m² - 3 Bedrooms no Garage - N$ 910,800
Type C - 121m² - 3 Bedroom + Garage -
N$ 990,800
The development will be carried out in 2 phases.
Phase 1.
Would be the servicing of the even and the construction of the 205 housing units. It is assumed that once the even are serviced selling of units off-plan would start. The servicing of the even should take 6 months and construction of the 132 units should be completed in the next 9 months. 66 serviced erven must be given back to the Municipality as agreed between the Minister and the shareholders.
Phase 2.
Would be the construction of the sectional title units on the even zoned as General Residential, this is scheduled to be starting after 2 years.
