Farm for auction in Ladybrand Rural

BEAUTIFUL 378HA HOLIDAY FARM IN THE EASTERN FREE-STATE

Going on Auction: Wednesday 30 October 2024
Reserve Price: R50 000 000.00. (All offers will be reviewed)
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)  

Magnificent 378Ha Holiday Farm with further resort and development rights. Discover this vast property with a holiday resort. Boasting 40Ha of irrigation rights and a remarkable 5km waterfront along the Armenia Dam, this property offers a prime opportunity for a resort development, including 114 fractional ownership units which allows for the sale of 40% of the units as time-share or fraction ownership. These rights are registered against the title deed, and house plans are approved by the municipality as of November 2023. Construction must commence within 12 months. Extras includes game proof fencing, two swimming pools, an outdoor jacuzzi, ablution blocks, three thatched gazebos, seven chalets, ten round huts, reception area, a bar and a large hall. This is a rare opportunity for a visionary investor.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.