537 ha farm in Port Elizabeth Central

R 22 000 000

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537 ha farm in Port Elizabeth Central

R 22 000 000

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Land Area 537 ha

Located a mere 65km from central PE, the Estate falls in the very heart of Eastern Cape Big 5 country.

Location

Located a mere 65km from central PE, the Estate falls in the very heart of Eastern Cape Big 5 country. It lies adjacent to the world famous Shamwari reserve and adjoining the equally impressive Amakhala Game Reserve to the East.

Size

Made up of 1 consolidated title, the Estate is 537 ha in extent.

Improvements

The whole project has been designed around a wildlife eco estate. I have a dossier containing all the permissions necessary for the development of 70 units on the property. The larger area (roughly 90%) of the property that lies south of the N2, is fully game fenced with an EC game standard 2.4m game fence (holds current CAE). The entrance gate with guard house has been completed.

The current design for the 70 units is in 7 nodes. Power and water have been laid on to a central distribution point at 6 of the 7 nodes, while the material etc is available to complete such works to the 7th node as well. The basic road network has been laid out although these would need to be improved upon after construction is complete.

There are 6 boreholes on the property 2 of which are equipped for purposes of supplying water for the development. The mother lines and a bulk storage reservoir on the highest point of the property are in place, from where the individual nodes are gravity fed.

Plans are in place and approved for the construction of a central clubhouse facility with swimming pool.

A new farm shed with ablutions for staff etc has been build to accommodate the estates maintainance equipment, tractors, workshops etc

There are 7 species of introduced game already on the property including zebra, eland, waterbuck, gemsbok, Nyala, and impala as well as bushbuck, kudu, duiker, bushpig and a number of smaller critters

Veld types

As has been proven by the reserves next door, this habitat is ideal for game. The property is a blend of probably 50% savannah grassland and 50% valley bushveld. Grass species include: Eragrostis Curvula, Themeda Triandra, Cynodon and on the thicket periphery evidence of Pannicum as well as Rhodes.

Browse is a pleasing mix of mostly palatable species of the Cape Valley Bushveld biome. In the drainage lines, it is typically closed canopy, with limited sub canopy grazing, but offering excellent browse. Tree species include Wild Olive, Sneezewood, Guarri, Cape Ash, Milkwoods, 2 species of Cabbage Tree, Common Rhus and Karee to name but a few. Out of the drainage lines, the canopy opens up, allowing healthy stands of grass species to thrive in the leaf litter rich soil.

Conclusion

From a developmental perspective all of the hard work has been done. The Seller will guarantee that all permissions are in place and are current and the power/water reticulation is basically complete. The site is excellent in terms of its location, being close enough to Eastern Port Elizabeth and the industrial zone at Coega to be marketed as primary residence, while also being ideally situate to sell as leisure homes. Access to both the beach and water sports mecca at Colchester is a mere 12 minutes away, as is the new entrance to Addo National Park. The historic town of Grahamstown is a mere 60km to East, offering amongst the county?s best schooling opportunities, the University as well as the annual arts festival. Accordingly the end product is going to be very marketable and affords an investor excellent opportunity in terms of returns.

Price R 22 mill (Owner is VAT registered, but Estate would be bought as a going concern). Options are available to finance a portion of this figure as well as for JV investment.

537 ha

adjacent to the world famous Shamwari reserve

wildlife eco estate

possible 70 units - owner will guarantee all permissions in place

6 boreholes

7 game species

ideal game habitat

Garages : 0

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537 ha farm in Port Elizabeth Central

R 22 000 000

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