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R 50 000 000

Farm On Auction in Ladybrand Rural

Ladybrand Rural, Ladybrand
  • Erf Size 377.948 ha
    • m²: 3 779 480 m²
    • Hectares: 377.948 ha
    • Acres: 933.93 acres
  • AUCTION
Beautiful 378ha holiday farm in the eastern free-state

Going on Auction: Wednesday 28 August 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...

Going on Auction: Wednesday 28 August 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.

Listing number: P24-114633096, Image number: 1, 1
Listing number: P24-114633096, Image number: 2, 2
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Property Overview
Listing Number
114633096
Type of Property
Farm
Listing Date
08 July 2024
Size of farm
377.948 ha
Rates and Taxes
R 500
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Auction Details

28 August 2024, 12:00
222 Main Road, Rondebosch
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