R3 745 000
R137 079 / ha 27.32 ha Bond calculator
Coastal Development Site
Vacant land for sale in Franskraal, Overberg, Western Cape
- ERF-PLT-120
- For sale
- 19 facts on file
- 27.32 haTotal extent
- Urban edgeBorders Uilkraalsmond
- DirectRoad access
About this property
The Land
This vacant land of 27.32 hectares lies directly against the existing urban edge of Uilkraalsmond and Franskraal in the Overstrand, close to the lagoon at Uilkraalsmond and the coast. It is reached straight off the divisional road that serves the smallholdings around it.
The land is natural fynbos, with invasive alien plants to be cleared. Nothing is built on it.
Zoning and Environment
The land is zoned Agriculture Zone I. The seller states that no restrictive title conditions limit development. An environmental Record of Decision has been issued confirming that the proposed development is not a listed activity under the Environment Conservation Act, and specialist studies are available.
The Development Concept
A planning and environmental background document was prepared earlier for the wider area. It sets out a low-density residential and environmental estate: residential erven with most of the land kept as private open space, informal private roads, vernacular building guidelines, indigenous landscaping and a home owners' association, balancing homes with the care of the fynbos, ecological corridors and buffers along the lagoon. Residential Zone I and Open Space Zone II were the zonings considered.
No Rights Yet
No development rights have been obtained. Rezoning, subdivision and the related approvals still have to be applied for, and the decision rests with the Overstrand Municipality and the other authorities. How many homes, if any, may be built depends on the approved layout, the environmental conditions, municipal policy and the formal application. The full specialist reports and planning documents are available to a prospective buyer.
Price and Terms
The asking price is R3 745 000. The land is held in a close corporation, so the sale may be made as a transfer of the members' interest. Whether transfer duty or VAT then applies depends on how the sale is structured and is for the conveyancer and a tax adviser to confirm. All other costs are for the buyer.
Disclaimer
Particulars are given in good faith from the title information, the seller and the planning documents available. They are no promise that any development right will be granted. Buyers must satisfy themselves by their own enquiry, with legal, tax and town-planning advice.
Before you make an offer
- Transfer duty
R189 306
Paid by the buyer, worked out on the asking price at the SARS rates from 1 April 2026. If the seller is a VAT vendor selling in the course of a business, VAT is charged instead and no duty is due, so ask for the seller's VAT position before you sign.
- What you would be buying
Land zoned for agriculture with a concept, not approved erven: every home in the concept still needs rezoning and subdivision by the Overstrand Municipality. The environmental decision was issued under the Environment Conservation Act, the law that governed environmental approvals before today's NEMA regulations, so ask an environmental consultant whether a new assessment is needed for your plan. If you buy the close corporation rather than the land, you take on the corporation too: have its books, tax and any debts checked first. The duty figure above is for a normal transfer of the land.
General guidance, not legal or tax advice. Conveyancing and deeds office costs come on top of the duty, and the transferring attorney confirms every figure.
Features
- 27.32 haTotal extent
- Urban edgeBorders Uilkraalsmond
- DirectRoad access
- Agriculture Zone IZoning today
- IssuedEnvironmental decision
- Still to applyDevelopment rights
Property overview
- Listing number
- ERF-PLT-120
- Type of property
- Vacant land
- Status
- For sale
- Extent
- 27.32 ha
- Price per hectare
- R137 079 / ha
- Area
- Franskraal, Overberg
- Province
- Western Cape
The schedule
19 facts across 4 of the 18 schedule sections, recorded from the seller's mandate. Where the seller gave a figure as an approximation, the schedule says so, and sections the mandate does not cover are left out rather than filled in.
Land information5
- Total extent
- 27.32 ha
- Location
- Directly against the urban edge of Uilkraalsmond and Franskraal, in the Overstrand
- Access
- Direct from the divisional road that serves the smallholdings
- Present use
- Vacant land, nothing built
- Vegetation
- Natural fynbos, with invasive alien plants to clear
Planning & environment5
- Environmental decision
- A Record of Decision confirms the proposed development is not a listed activity under the Environment Conservation Act
- Specialist studies
- Available to a prospective buyer
- Concept
- A low-density residential and environmental estate, most of the land kept as private open space
- Zonings considered
- Residential Zone I and Open Space Zone II
- Development rights
- None obtained; rezoning and subdivision still to be applied for
Legal information6
- Zoning
- Agriculture Zone I
- Title conditions
- No restrictive conditions that limit development, as the seller states
- Ownership
- Held in a close corporation; the members' interest may be transferred
- Duty and VAT
- Depend on how the sale is structured; the conveyancer and a tax adviser confirm
- Municipality
- Overstrand
- To verify
- Title, extent, zoning, the environmental decision and every planning step
Lifestyle features3
- Lagoon
- Close to the lagoon at Uilkraalsmond
- Coast
- A coastal setting, with the towns and services of the Overstrand nearby
- Suited to
- A developer pursuing a low-density residential estate, subject to the rights
Bond costs
Change the deposit, the rate and the term to see the monthly repayment on R3 745 000. This is arithmetic, not a quote: your bank sets the rate, and bonds on vacant land are usually written over shorter terms than a house.
Monthly repayment
R33 584
- Deposit
- R749 000
- Amount bonded
- R2 996 000
- Interest over the term
- R3 049 048
An estimate only. Rates, terms and deposits on vacant land are set by your bank against the property and the buyer.
Enquire about this property
Ask for the full mandate pack, the title deed extract or a viewing date.
Martiens Du Plessis, Managing Director. Registered with the PPRA. 082 900 5019 martiens@erfdevco.com
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