Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Commercial Property For Sale. Unique Property Development Opportunity

LISTING DETAILS
Firms For Sale ID:
32027
Vendor reference:
12866
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$19,800,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
A unique property development situated in a bird sanctuary, 30 minutes from 10 of the countries top golf courses, within walking distance of SA's best beaches and in sight of one of the most beautiful panoramas in the Garden Route lies this eco-estate.

The estate lies in a bird sanctuary in the National Park and the best golf courses in the Garden Route (Fancourt, Bramble Hill. The LInks, Montagu and Outeniqua, Oubaai, Simola and Pezula) all within 20 minutes drive away.

The property is approximately 10 hectares with approval for 100 houses and an 80 suite hotel with a conference center, restaurants and recreation areas. The Hotel site is 1 Hectare in size and has been subdivided from the housing section, so it can be easily managed separately from the houses or sold off from the development.

The 80 hotel rooms are planned at 40m² each and these can be rented on a nightly basis, or sold by sectional title or any form of fractional ownership/time share. Approximately 80% of the houses will have water views and all houses will be North facing.

Approved building plans have been budgeted at R430,000 per house. Bulk construction will result in significant savings. Prices for complete houses are planned between R1m and R1.6m. Current zoning is Resort zone 2.

Electricity is supplied by the Municipality and has been approved. All environmental approvals are in place. The site has its own water supply and its own sewerage treatment plant.

Building plans have been approved and all professional services to this point have been paid in full. There are no outstanding debts.

The development is strategically placed in the center of the top 5 Golf Courses in the country. The Estate is themed for health and outdoor living. Jogging tracks and exercise stations will be incorporated in the indigenous forest throughout the property.

Sailing, skiing and watersports are available on the lake. Family recreation areas and Lapas will be available for all the most scenic spots on the estate.

Legislation has ended any further development this close to the water. This is the only vacant land with Hotel rights in the area. Nowhere else in the Garden Route will one find North facing water views. This will be the only Hotel between Wilderness and Knysna, and the only Hotel directly on the N2 with convenient bus access.

The asking price excludes VAT and the seller will consider all reasonable offers.

Please enquire now for more details on this exciting, unique development opportunity!