660 Hectare Farm

  • R90,000,000
Bloemfontein, South Africa, Free State, Bloemfontein
  • Agricultural
  • Business Industry
  • 66000000

660 Hectare Farm

Bloemfontein, South Africa, Free State, Bloemfontein
  • R90,000,000

Description

  • City Bloemfontein
  • Suburb Free State

Details

Updated on October 23, 2023 at 11:55 am
  • Business ID: BB18411
  • Price: R90,000,000
  • Business Size: 66000000 m²
  • Business Industry: Agricultural
  • Business Status: For Sale
  • Type of Business: farming
  • Asset Total: 23500000
  • Monthly Profit: 1000000
  • Estimated Selling Price Based on Assets: 47000000
  • Estimated Selling Price Based on Profit: 24000000
  • Stock Value: 2800000
  • Business Activities: The 660-ha farm has a diamond mine on it. There is a prospecting right for the mine holding by another company expiring soon, an application for a mining license has been applied for. The geological reports can be viewed on site. If the owner come to an agreement with the holders of the prospecting right the new owner takes over the current owners right. The farms are located 100km from Bloemfontein and 40km from Lesotho where the richest diamond mines are in the world. So, this diamond mine lies within the richest diamond crater in the world.
  • Daily Operations: The farm that is 337 has development rights for 114 units of which 40% can be sold. After 40% have been sold the buyer can apply for extension of development rights. Eventually between 100 and 200 can be sold. Take 200 erven 2 million per erven gives you 400 million. Ideally for a golf estate. No competition. 3km from tar road. 3km road has to be made, it also has 7km of waterfront. The water is in abundance. Game fenced. Irrigation rights. 3000sq metre of outside buildings, that includes reception chalets, conference wedding venue swimming pools bar restaurant etc. No place like this in the free state. No other place in the free state resort wise has developed rights. Nearest golf course in Bloemfontein and Clarens. 15km from the N8.
  • Reason for sale: Retiring
  • First Name: Farm 4
  • Cellphone Number: 0627360680

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  • Chris Administrator