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FURTHER R42 MILLION INVESTED IN FANCOURT HOTEL & GOLF ESTATE

The developers of the privately-owned Fancourt Hotel and Golf Estate, Hasso and Sabine Plattner, are this year (2010) investing a further R42 million in the luxury estate, which is set on 613 hectares of lush countryside on the Garden Route. This capital investment will see the refurbishment of the Manor House Hotel into a 5 Star boutique hotel - converted from its existing 34 rooms to 18 luxurious suites, the upgrade of all three restaurants, construction of a new cafe and deli, as well as improvements to the spa and sport and leisure facilities – including new golf course equipment and facilities at the Links, Montagu and Outeniqua golf courses.

Says Chris Immelman, MD of the Pam Golding Property group’s International Division: “Since 2004 and in addition to the R42 million, the Plattners have personally invested a total of R119 million in upgrading and enhancing the facilities available to homeowners at this prime golf estate. This reflects their commitment to providing residents not only with a comprehensive range of luxury facilities to cater for the requirements of families and individual homeowners alike, it ensures both local and international buyers of a solid investment which will yield sound capital appreciation in the future.” Statistics reveal that over the past 10 years homes at Fancourt have appreciated on average by approximately 10-12 percent per annum.

Of the total of 488 properties at Fancourt, 357 to date have been sold and 334 units already completed. While the bulk of purchasers are South Africans, overseas buyers – many of whom spend some four to five months a year at Fancourt - hail from a mix of countries including the UK, Germany, Switzerland, Austria, Norway, Ireland, USA, Netherlands, China, Belgium and Kenya, among others. Interestingly only about 50 percent of buyers are golfers, an indication of the desirability of the estate and wide selection of leisure activities available.

Comments Immelman:  “Recently we are seeing a young type of buyer, mainly families, choosing to live permanently at Fancourt and commute on business as required. Many of these are from Gauteng, some with their own small planes, who find it convenient given the easy access to George International Airport only seven kilometres away. The close proximity of Herolds Bay and Victoria Bay – just 12 and 15 minutes’ drive – adds to the high appeal of owning a home at Fancourt, particularly for those with children.”
There are still a wide variety of purchase options available to home buyers, ranging from just R320 000 for a fractional ownership share in two, three or four bedroom luxury villas in Montagu Ridge, to prices ranging from R6.3 million up to R32 million for a broad range of homes in Oaklands Village, Links Ridge, Montagu Ridge, Cape Dutch houses and Colonial Lodges.

With three world-renowned golf courses, Fancourt was judged Africa’s Leading Golf Resort at the 2009 Travel Awards, and was acclaimed by the  approximately 200 Japanese media who visited the estate during the recent Soccer World Cup. This year, for the third consecutive year the Gary Player Invitational takes place at Fancourt from 18-21 November, the Dimension Data Pro-Am was held at Fancourt for the first time earlier in the year, while every second year the Ernie Els invitational is held here. Recently Fancourt was the venue for the inaugural Berenberg Bank Masters championship event.

An extensive environmental management programme at Fancourt is seeing some 50 hectares of alien vegetation being eradicated and the area rehabilitated to a more indigenous and sustainable environment, with former wetlands being returned to prime condition. With no municipal water ie only non-potable water being used on the golf courses and residents’ gardens, Fancourt has also implemented a wide range of energy and water-saving measures and is well on its way to obtaining an ISO Certificate in Environment Management, the ISO 14001.

In addition to the top-rated golf courses, Fancourt has two driving ranges, a golf school, gym, indoor and outdoor swimming pools, floodlit tennis courts, spa and running and walking trails.

Issued by Gaye de Villiers


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