Private Nature Reserve for Sale in Queenstown Eastern Cape. R49,000.000

Private Nature Reserve for Sale in Queenstown Eastern Cape.
Quick Summary
Farm of 1196,7 hectares with approved 2,4m game fencing and huge variety of game. All certifications in place. Water is supplied from 6 boreholes & Eskom Power Improvements:
6 bedroom lodge; 2 self catering homes: 10 self catering 1 bedroom units; 10 hunters cottages, Adventure Centre for School camps and several other dwellings. Various large conference & wedding facilities; restaurant; lapa;
swimming pool; various bomas. Excellent income from accommodation, weddings & conferences.
3 Star Graded by AA Travel as well as SA Tourism Grading Council.

Development rights: Portion of farm has been rezoned to develop 100 stands of which the first phase of 37 stands are now for sale.
House plans already drawn and approved Surveyor has pegged plots and showhouse has been built.

Quick Valuation Summary
Land & Buildings current replacement value as insured R26 mil.
New 37 Plots adds an additional R500 000 per plot = R18,5 mil.
Phase 2 of 63 additional plots adds R31.5 mil to the value
Guest House Business with Conferencing & Weddings R5 mil.
Furniture & Equipment R 2 Mil
Cattle R 2 mil
Game R7 mil (including Bontebok, Giraffe, Eland, Kudu, Zebra, Red Hartebeest, Black Wildebeest, Impala, Springbok, Bushbuck, Fallow deer, Moutain Rhebuck, Blesbuck, warthog, duiker)
Total value R60.5 mil as is with additional 63 Plots value = R92 mil Asking Price R49,000.000

To be sold as a going concern with an immediate income. Any reasonable offers will be considered. For more information contact Peter.
Cell: 082 892 3297