Commercial For Sale

Ref # Ent0182335 : Kragga Kamma , Port Elizabeth , Eastern Cape

R 12,500,000

Property Description

11 ha to do what you find lucrative.

As a developer you will know and see the value of this property.

In 2007 is was set out for a retirement village and the unfortunate happened.

Even now more than ever the need for Retirement Villages has risen.

Below is an snippet from an article in" Home Owners Publication".

THE MATURE CHOICE.

Retirement villages and estates have been around for a while, but are now being re-conceptualised to suit more the contemporary lifestyles and needs of its retired residents. Arthur Case, brand marketing director of Evergreen Retirement Holdings, a specialist in retirement solutions throughout the Western Cape, Johannesburg and soon also in KwaZuluNatal and Port Elizabeth, says: “The so-called Baby Boomers are entering the retirement village market with the oldest of them in their early 70s. They demand a very different set of needs to those of their

parents. So away with nursing and old age homes (which will battle to attract new investment) and now enter lifestyle retirement villages and estates. While the old age home had an institutional nursing culture, the lifestyle retirement village has a hospitality culture.

Boomers are looking for luxury living with resort-style facilities and a lock-up and-go security and convenience. This also implies that

estate management and service must be of a high standard

with good food and entertainment.” “The Baby Boomer generation saw a significantly higher shift in life and lifestyle expectancy from previous generations. Modern-day retirees seek a far more refined and lifestyle-oriented facility – a far cry from the ‘old age homes’ that their parents occupied. As standard, these new offerings need to take into account physical, financial and medical

security, which is then layered with social integration around facilities that bring people together in communal spaces to enjoy their golden years.”

This is all perfect for this peace of land.

Make an appointment to come and view, I am waiting for you.

Amenities

Easy access to everything that matters.

Property Features

  • Property Type Commercial
  • Building Size
  • Stand Size

Property Location