property development,resort development for sale,investment opportunity,drakensberg development for sale,shares for sale
Partly Developed Resort In Drakensburg - 51% Investor/Partner needed
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Executive Summary

Drakensberg Property Investment ResortThis Estate is a 363-hectare piece of developed land in the Drakensberg and the whole property is surrounded by stunning views of the mountains, rivers and rolling valleys and lies next door to a Drakensberg National Park, which is a renowned World Heritage Site. It was promulgated as an independent registered township in 2005, licensed as a mix development Resort consisting of 42 Freehold stands, Hotel / Wellness Centre site, AgriculturalLand and a whole range of sporting amenities. All bulk infrastructure is already in place consisting of over 8 kilometres of top class roads, 3 phase Electricity (underground reticulation), filtered water and water borne sewerage available to all 42 stands, plus Gatehouse, Sewerage Package plants, water filtration units and various staff housing and sundry buildings. Replacement value of current infrastructure is well in excess of R50 million. In 2006 BDO Spencer Stewart valued the Estate at over R69 million. Two beautiful Villas have already been built. Proposed way forward is to develop the Estate as a Fractional Resort. One Villa is available to be sold as a "Family Fractional" and we require a second to be built and sold as a "Duet Fractional". Ideally minimal sporting infrastructure is required which will facilitate initial sales.

51% shareholding is being offered for R19 million.

This would settle current funder and the development will be debt free.

On completion of the NDA below full details are available to approved potential buyers

Investor Wanted For Property Development

Property Investor Wanted


property development,resort development for sale,investment opportunity,drakensberg development for sale,shares for sale

Reference - R141111


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