FORCED
(DISTRESS) PROPERTY SALES
In
the current economic climate there are numerous property owners who are
compelled to offload their property, often at a significantly reduced price in
order to avoid foreclosure by the financial institutions - the so-called
“Distress Sale”.
With
interest rates being at the lowest since 1975 and with property prices having
stagnated for the past four years now is the optimum time to invest in property
at prices well below market value.
VACANT
STANDS
SUNVIEW
ESTATE - ST. HELENA BAY
*
Stand in quiet cul-de-sac on marginal incline overlooking a green area with
permanent views of the Atlantic - R149,000
Current
Market Value: R300,000
Priced
at R125,000 below market value.
View ListingID=
798
DA
GAMA ESTATE – ST HELENA BAY
*
Large North-facing stand of 752sqm on marginal incline with views over the
Atlantic - R165,000
Current
Municipal Valuation : R330,000
Discounted
by R165,000 below municipal valuation.
View ListingID=
902
LAGUNA
ESTATE - LANGEBAAN
*
Strategically located stand of 492sqm in close proximity to all amenities and
Langebaan Lagoon - R175,000
Current
Municipal Valuation : R330,000
Discounted
by R155,000 below municipal valuation
View ListingID=
64
BLUE
RIDGE ESTATE – MOSSEL BAY
*
Stand in a Secure Village abutting an Eco-Estate with sweeping panoramic views
of the Indian Ocean – R220,000
Current
Market Value : R400,000
Discounted
by R180,000 below market value.
View ListingID= 14
SHELLEY
POINT – BRITANNIA BAY
*
Centrally located stand between the 8th & 9th holes in close proximity to
the Colonial Country Club in Shelley Point – R225,000
Current
Municipal Valuation : R500,000
Discounted
by R275,000 below municipal valuation
View ListingID=
922
KOMPANJESKLOOF
– ST. HELENA BAY
*
North-facing stand in quiet cul-de-sac with magnificent 180° sweeping views of
the Atlantic – R249,000
Current
Municipal Valuation : R450,000
Discounted
by R200,000 below municipal valuation
View ListingID=
945
SHELLEY
POINT – BRITANNIA BAY
*
Fairway stand of 459sqm overlooking the picturesque 3th green - R249,000
Current
Municipal Valuation : R590,000
Discounted
by R340,000 below municipal valuation
View ListingID=
904
KERSBOSSTRAND
- DWARSKERSBOS
*
Large North-West facing stand of 965sqm located within 120m from a prime
uninterrupted sandy beach - R275,000
Current
Municipal valuation : R400,000
Discounted
by R155,000 below municipal valuation.
View
ListingID=946
SHELLEY
POINT – BRITANNIA BAY
*
Centrally located stand on marginal incline with magnificent views over the
golf course and Atlantic Ocean at Golden Mile Beach - R295,000
Current
Municipal Valuation : R450,000
Discounted
by R150,000 below municipal valuation
View ListingID=
917
PARADISE
BEACH - LANGEBAAN
*
Discounted stand in prestigious Paradise Beach with guaranteed views of the
Atlantic - R549,000
Current
Municipal Valuation : R700,000
Discounted
by R150,000 below municipal valuation
View
ListingID=92
BEACHFRONT
STAND : SHELLEY POINT – BRITANNIA BAY
*
DISCOUNTED !! - Large beachfront stand of 639m² in a quiet cul-de-sac with
magnificent views over Stompneus Bay
from its elevated position - R1 400,000
Current
Municipal Valuation : R2.0 Mill
Discounted
by R600,000 below municipal valuation
View
ListingID=929
HOMES
DANA
BAY - MOSSEL BAY
*
URGENT SALE - Discounted four bedroomed home of 312m² on large stand of 1826m²
with beautiful sea views - R1 290,000
Current Municipal Valuation : R1.715 Mill
Discounted
by R425,000 below municipal valuation
View ListingID=23
PORT
OWEN MARINA - VELDDRIF
*
Palatial Colonial Villa of 700m² set on a double stand of 1600m² commanding
majestic views over the Marina & Bergriver waterways - R3 750,000
Conservative
Replacement Cost : R8.5 Mill
Discounted
by R4.75 Mill below replacement cost
View
ListingID=947
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