R68 million for a plot of land overlooking one of the most sought after areas in South Africa

Pam Golding Prperty has listed a 34,261 m² plot of land located in one of the most sought-after towns in South Africa, thanks to constant high levels of semigration and foreign buying trends in the area.

The plot is listed for R68 million, translating into a monthly repayment of R736,921.

"In arguably the most prestigious suburb of Somerset west, Spanish Farm - this pristine 3.4-hectare parcel of land represents a rare and coveted opportunity for prime development. Optimal elevation and breathtaking views, the site offers an unparalleled canvas for envisioning a prestigious project," the realtor said.

The land's untouched beauty sets the stage for meticulous planning and innovative design. Boasting the highest elevation in the area, the property provides developers and architects with a blank slate to craft an exclusive community or luxurious residence.

Pam Golding noted that the land can be subdivided but is currently zoned as agricultural land.