An aerial photo taken of Hermanus’s coastline.
South Africa’s serious property developers are gearing up to bid for one of the largest pieces of approved development land to have ever been made available for sale along the exclusive Hermanus Coast Line in the Western Cape. Comprising of 46.026 hectares (460 260m2), this prime development opportunity offers a total of 244 plots, of which 51 are on the water’s edge.
This is according to Aubrey Miller, CEO of sealedbid.co.za, the leading online property sales platform that has been entrusted to bring this rare development opportunity to the market. Miller says that there is an undisclosed reserve price on the approved development land, and bidders have until 14h00 on 14 July 2015 to submit a bid. He notes that this is the first time an approved development opportunity of this size, in this area, with such a unique position, has been released to the market.
“Vacant land of this size on a sought after coastline with all the necessary development approvals in place is extremely rare and very sought after. Properties in the Hermanus area in particular offer an inherent capital appreciation, and as such we are expecting a rush of interest from not only local and national developers, but also foreign investors and developers.”
“Property values along the Hermanus seaboard have continued to climb over the recent years, notwithstanding challenging economic conditions. A 4000 square metre seafront plot in Hermanus sold for approximately R27 million recently, and we are therefore expecting to achieve an excellent sales price for this unique property.”
Miller says that the sealedbid.co.za team look forward to assisting the seller and buyer of this property in achieving a successful sale. He says that sealedbid.co.za believes in challenging the status quo and that the online encrypted bidding process is fast becoming an increasingly popular method for property sales.
“The online sealedbid encrypted bidding method eliminates the many risks often associated with other sales methods, namely reputational risk to the seller and the buyers mistrust due to ghost and vendor bidding. Tainting the property value in a public auction due to a low public offer or no offer at all is another possible risk. Furthermore, as there always needs to be at least two bidders in an auction, there is the risk of the winning bid being only slightly higher than the weaker bid, therefore not obtaining the true value of the property.”
“The online sealedbid encrypted bidding method allows both parties to transact with confidence. The seller is able to legitimately achieve the highest value for their property, while buyers can enjoy complete anonymity and much needed privacy and confidentiality when making secure and encrypted online bids in their own space at their own time. As such, this platform offers multiple benefits when compared to the status quo methods of sale, including quick, convenient, mobile and secure transactions for both the seller and buyer,” he concludes.
