Forty units in an estate in Lichtenburg in the North West Province have now come on to the market.
"The developer designed these units specifically with buy-to-let investors in mind. Three-bedroomed units with double garages are going for R629k, with no deposit payable and a R30k cash back offer," says Etienne Erasmus, CEO of Sterling Property Partners.
Approximately 230 km west of Johannesburg, Lichtenburg was the scene of a massive diamond rush from 1926 until 1935.
"Our research shows that Lichtenburg has a strong industrial underpinning, with the two largest cement plants in Africa. We all know how great the demand for cement is in South Africa.
"One of them, Lafarge, has announced that they will increase capacity exponentially, thus increasing its current workforce in the near future and hence also the demand for housing. The other cement plant is Holcim, which is also mulling over expansion plans. It is also known that an ethanol plant is on the table for Lichtenburg for the near future. All in all, demand for rental housing will certainly increase dramatically."
All units on offer at Cedarwood Estate offer three bedrooms, two bathrooms, open-plan kitchen with granite tops, lounge/dining room, private garden and double garage. Cedarwood Estate will boast two gatehouse entrances that will include 24-hour manned security and a 2,1 metre high perimeter wall with electric fencing surrounding the property.
In terms of recreation, the estate includes cricket practice nets and a skate park. The development is also situated directly opposite the Lichtenburg Golf Club.
For more information contact 021 422 3398 or send an email. Click here to visit the website.
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