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Web Reference: MP480784
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| R 4,900,000 (FOR SALE) | |||||||||
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Buy 1/3 of this stunning 760 Ha private game reserve and /or cattle farm and /or pineapple farm bordering Phinda Big 5 Game Reserve by way of 3 km river frontage.
This is one unique property and the only one in this area where one can do game (500 ha) cattle (200 ha) pineapples (60 ha) and also add a Lodge on the banks of the river overlooking Phinda on the other side. Phinda charges between R 3,500 and R 6,000 per person per night. The 2 owners of the properties are prepared to grant a buyer the following: 1/3 rd of the 760 Ha property New buyer to rent the entire property and to use as he pleases for 20 years with option to renew for another 20 years. Rent the entire property for R 120,000 per year escalating inflation rate every year. Rates and taxes to be paid by all 3 share holders. The one seller already has got a house but the other share holder and new share holder are permitted to build a house on a spot to be decided by the 3 partners. The 2 partners, current owners, will only use their houses as a life style house. Will have no say on the running of the farm or any other income generated. The properties will be placed in a Vat registered PTY and the new owner will rent the property from this PTY. Why pay R 25,000 to R 85,000 per Ha if you can have this property for just over R 8,300 per ha for the next 40 years and then still own 1/3rd. Please contact me today for more information, this will sell quickly. |
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