Type: Golf Course Estates
Agent: Raymond Johnston
Company: The Miracle Property Group
Price: ZAR R 150,000,000
Featured: Yes

LOCATION :
Stellenbosch Winelands (Western Cape)                 
             
SIZE OF LAND :
83 Hectares

Comprises:

- 18 Hole Golf course (to be redesigned by an internationally recognised design planning group which will make it even more unique)
- Fully equipped lodge with 28 Apartments of varying sizes (Capacity 80 people)
- Golf clubhouse
- State of the art Conference facilities / function rooms / restaurant
- Existing Residential development
- New developments in process (30 units) Have not been sold yet .
   Net value to new investor = R30 Million
- Further erven on estate zoned for development (45 units).
   Net value to new investor = R 45 million
- Brand new Irrigation system (R4million)
- 9 Hectares of Vineyards now producing red wine.
- Staff accommodation / workshops etc
- All Services (Water/Electricity/Sewerage/Refuse) provided on site.


New Plans :
There are tentative plans in place for a Health Centre / Tennis Courts / Another Restaurant. Pursuing these options will be up to the discretion of the new owners.

NB :
The existing owner is happy to oversee the continued running of the Estate for the new owners if required. (A maximum period of 3 years). This will ensure a smooth transfer of the business.

Various factors contribute to this offer being of sound value:
The Golf Estate as a going concern (excluding housing sales) is reflecting an annual Profit of R 6.5 Million.
The land and Infrastructure alone possess a value equitable with that of the Sale Price.
Golf Estates are impossible to find in the Western Cape due to the new rezoning attitudes of local authority.

This seems like a rare opportunity.