Last Chance at the Lost Treasure
The tender process on a trophy property on the world-renowned Robberg Beach, in Plettenberg Bay will be finalized on Thursday the 14th of January 2010. At 42,825m² (4.28ha or 10.58acre) with 184m (603ft) of beachfront, this is the largest beachfront property in South Arica’s premier coastal destination.
Of interest is the fact that the tender process is by closed bid; i.e. no one, not even the estate agent, will know what the bids are, until they are opened on the closing date and the highest offer is considered.
Hein Pretorius, says “there have been expressions of interest from locals and internationally, from individuals as well as consortiums, but your guess is as good as mine as to what the final offers will be. It could go for a bargain or it could go for a record price. By international standards, it will be a bargain either way. It is almost impossible to place an accurate estimation of value on a property of this caliber. The highest price for a residential type of property in Plett to this point has been R50 million. No-one thought that a price that high was attainable before it was achieved. A property a fifth of the size further up the beach from the “Lost Treasure” recently fetched R25 million, so we are quite excited at the possibilities for this property.”
For more information, call Hein at 083 701 3159 or email@example.com