Loerie Country Estate is offering a select few initial investors a excellent return of their money. Please contact the developer for rates.

Loerie Country Estate will be starting marketing phase during Spring 2010. 

Finance is required to do the initial marketing and development of the New Retirement Estate in East London. Initial investors in the Launching Phase will benefit from a return of up 20% interest per annum. Tranches of R 50 000,00 and larger will  be accepted for the initial phase. Interest can be paid out annually or the investors can get units/apartments in exchange for their investment and growth.  After launch phase further finance will be sought but interest will be linked to a sliding scale down to prime required to install civils i.e. roads, sewer, internal water mains, pump station and construction Phases 2-6. Once Phase 1 of the development has gone to marketing phase the current demand can be determined and Phase 2-6 with apartments can be presold.  Construction costs for the sectional title units and apartments including frail care center is projected at R130 million. Return in sales of units is envisaged at about R 260 million. Pre-sales of 60% would be sought before construction commences with the apartments phases of 200 sectional title units.

 Proposed amount to be financed for Phase 1 is R 15 million. Investment tranches are sought to finance this phase. The further phases will be financed by larger investors and banking institutions. Security in the investment property is currently worth in excess of R 27 million. A large property investment firm in East London is keen to partner finance the balance needed to complete the development. 

 The property has been rezoned from agriculture land to Residential 4, Resort 2 and Residential 6. There are currently 66 erven (to be increased to 150 sectional titles, one Resort Zone 2 of 9 949 m² and another Residential 6 of 4 595m². Triple Point Properties is situated alongside Loerie Country Estate and is a multi Billion development. TriplePoint Development 

After a thorough market research it was established that there is a huge demand for an up market Retirement Estate in East London.  The following market conditions dictate:  

                   ٠15-20 year waiting list for Retirement properties in East London.                            

                   ٠200+ people on a waiting list for accommodation  

                   ٠There is only Kernnersly Park and Berea Gardens which offer accommodation retirees are currently seeking.  

                   ٠Need for lock up and go Retirement estates including a first class frail care unit including medical assistance.  

                   ٠Demand for properties in the R 350 000 to R 1.4 million bracket for retirees with well planned apartments with kitchenette and bathrooms.  

٠Request from buyers for retirement estates where natural habitat is available and open public spaces accessible to owners.

٠Negotiations are underway to team up with Nellie van Staden Properties in the planning and marketing of the Estate. Carenet, an division specializing in the health care of Retirement villages will also be negotiated.

Loerie Country Estate wants to be the most sought after retirement estate in the Border area offering excellence to senior citizens.  To all those investing in Loerie Country Estate we have set the following long-term goals: 

                   •        Offer a secure and safe living environment

                   •        Excellent medical facilities

                   •        Top frail care center

                   •        Excellent return on investment

•        Abundance private open space

•        Guest house on site

                   •        Apartments and step down facility available

                   •        Chapel, library and heated pool on site

                   •        Walkways alongside the river

•        Tennis court

                   •        Braai facilities and picnic spots

                   •        Bird watching hive

                   •        Luxury apartments

                   •        Lapa for entertainment

The internal property layout will be altered to accommodate 150 residential sites with sectional title. 60 Luxury  2 and 3 bedroom apartments to be built on the 4 595m² site on the rivers boundary. The 9 949m² site will see 200+ units been built. Sizes to be from bed-sitter 37m² to 2 bedroom 75m². On site garages and a chapel to be built with heated training swimming pool. Setplan is in the process to have the Estate changed into a Retirement estate with the Resort Zone 2 to be amended into high density (Residential 5- 3 story’s) for retirement apartments (trust applying for 4 story exemption to increase units) with frail care center. Phase 1 will consist of the 30 sectional units to be sold. Average house size to be from 88m²to 200+m². 

 Phase 2/3/4 will be further clusters of 2-3 bedroom units. Phase 5 will be the construction of an apartment block with lifts, frail care center, hairdresser, lounges, dining rooms, kitchen, laundry and nurse station. About 200 units can be built on the site. Sizes to be from bed-sitter 37m² to 2 bedroom 75m².  Phase 6 will consist of luxury apartments on the river where the Guest house will also be situated, about 60 apartments can be built on the site.  

  Mobile : Andre @ 08437474650- e-mail for more info

This page was last updated on 15-Aug-2010 .