select
|

Burgersfort bushveld beauty

Due to platinum mining activities and government aided expansion, infrastructure development and growth in the Limpopo town of Burgersfort is moving at a remarkable rate, says Dirk Conradie, CEO of Cranbrook Limited, a development company specialising in property and investment projects in Limpopo Province, South Africa.

The expected growth in the area’s population has resulted in a need for greater infrastructure and more particularly additional housing. Forecasts suggest that Burgersfort will need between 5 000 and 7 500 new houses over the short- to medium-term, with as many as 20 000 required within the next 10-15 years. Conradie says that due to the rapid development in the town, along with the need to accommodate the growing number of residents and visitors to the area, Cranbrook Limited developed the Spekboom River Estate, which is situated on 520ha of pristine bushveld on the banks of the Spekboom River and adjoining Burgersfort.

“Although the area has seen vast growth recently, there is a limited amount of middle to high income residential developments available in Burgersfort and substantial expansion is required to accommodate a growing population. The Spekboom River Estate offers excellent value and buyers can look forward to a desirable lifestyle in bushveld surroundings with game right on their doorstep. Great care has been taken to maintain the ecological integrity of the site as far as possible and approximately 60% of the estate will be left untouched, forming large green belts.  Mature trees that were affected by the construction have been carefully uprooted and replanted elsewhere within the estate,” says Conradie.

The estate will ultimately comprise of seven extensions which include approximately 1 946 residential stands, a school and a business hub. Curro Holdings have committed to construct a dual medium regional private school on the estate in the course of the next two years, while the Abacus Property Group, with the backing of key anchor tenants, is currently constructing an upmarket shopping centre on the estate. Expected to be fully operational by  mid  2013, the contemporary mall will cater for all retail requirements of the residents in the estate, as well as the community at large.

The infrastructure of the Spekboom River Estate Ext 52 in Burgersfort is complete and the first extension of 316 stands has been proclaimed and all services installed. A total of sixty homes have been completed or are currently under construction while the first 20 new owners have already taken up residence. The demand for rental housing units within the estate is also soaring.

“There is opportunity for buyers to purchase here as a primary residence or for investors wanting to buy units as part of a buy-to-let portfolio. While the estate has been selling well, there are still stands available starting from 600m2 at R 345 000 and up. Buyers can design their own homes or opt for building packages that include a stand and completed home at prices starting from R1 million,” says Conradie.

He notes that the whole of the Greater Tubatse Local Municipality district is currently benefiting from plans to expand the platinum and coal mines in the region making it South Africa’s major energy resource node. Plans are currently underway for a total of R15 billion to be spent in mining development in the region, which will in turn create over 22 000 new job opportunities that will be directly related to mining, as well as additional jobs that will be created due to the surrounding development.

Given the exponential growth of Burgersfort and the surrounding areas, Spekboom River Estate offers a solid investment opportunity both now and in the future. “The combination of potential high capital growth and projected long term injection of development in the area makes this a lucrative opportunity for investors looking for a solid return on their investment,” Conradie concludes.


  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
    • 16 Nov 2017
      Cape Town’s popularity as a world-class tourist destination has resulted in a spike in the number of homes available for holiday lets and fuelled investor demand for sectional title units with short term rental potential.
    • 15 Nov 2017
      Sappi, one of South Africa’s oldest global companies and a leading global supplier of sustainable woodfibre products, has moved its global and regional headquarters to a new site on the corner of Oxford and 14th Avenue in Rosebank.
    • 15 Nov 2017
      There’s an old saying in real estate that you should seek to make a profit when you buy, not only when you sell – and a large part of succeeding at that endeavour is buying a home in an area with desirable features that will enhance the resale value of your property.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK