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R250m infrastructure investment pays off in Burgersfort

Demand is running high now for the fully-serviced and build-ready stands in two estates which together form the new residential precinct taking shape to the east of Burgersfort, the small town at the heart of the current mining boom in Limpopo.
 
“We are being inundated with purchase enquiries from various mines and service providers operating in the area,” says Hoffman Prinsloo, MD of developer Cranbrook Property Projects, “with mining group representatives now visiting the estates weekly in order to secure stands for their employees.”
 
The biggest draw-card, he says, is the fact that the stands are already fully-serviced and build-ready - which is not the case with many other developments in the region.
 
“In fact those buying stands in most new developments these days can expect very long delays in being able to get hooked up to services such as water and electricity. But buyers in our Motaganeng Lifestyle Estate and Spekboom River Estate can start building their homes as soon as they wish.
 
“Indeed, more than R100m worth of homes have already been built at Motaganeng, and the first houses are already going up at Spekboom River Estate, even though we only recently started marketing stands and building packages in the first phase of this development.”
 
To get to this point, Prinsloo explains, Cranbrook spent more than R250m on creating the infrastructure for the estates before launching them to market, laying down many kilometers of internal roads and thousands of metres of pipe and cable to deliver services to each stand, while also spending millions on water management and communications systems and securing the electricity supply from Eskom.
 
But the investment is now paying off rapidly, and demand for the stands in the new estates is being further boosted by the news that private school group Curro Holdings will shortly to begin construction of a new school for pre-primary, primary and secondary learners.
 
Prices for the fully-serviced stands in both Motaganeng and Spekboom start at R285 000, while building packages start at R870 000 for a two-bedroom home including stand, with many other configurations available.
 
“In total,” says Prinsloo, “the various Cranbrook developments in Burgersfort will provide for more than 2450 houses, which it is anticipated will be fully built and occupied with the next three to five years, thanks to the ongoing expansion of the mining and commodities sectors in the area. This will be of great benefit to the town and its community who will benefit from the additional tax income, new facilities and job creation.”
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CRANBROOK PROPERTY PROJECTS


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