Kazakhstan, Altyn Bulak spa resort and Saryagash Golf Club put up for sale

Altyn Bulak resort is located in Saryagash resort zone, one of the most famous spa resorts in Kazakhstan
Kazakhstan, Altyn Bulak spa resort  and Saryagash Golf Club put up for sale
03 May 13:58 2016 Print This Article

Joint Stock Company KazMunayGas-Service NS put up for auction Altyn Bulak spa resort and Saryagash Golf Club in South Kazakhstan region, reports Tengrinews.kz.

Altyn Bulak mineral waters resort is a 4-star sanatorium opened in 2002 and located in Saryagash resort zone, 130 km from the city of Shymkent. It occupies an area of ​​14,58ha.

Saryagash Golf Club is in line with the required international standards for the golf course. It is located on a territory of ​​83,3ha and includes: Club house, administrative building,  VIP-building, pumping station, and other facilities.

Starting bidding price is 2 billion and 755 million tenge (around 8,4 mln dollars). Required guarantee fee is 63,630 mln  tenge. Trading starts on May 17, 2016.

According to the terms of the tender, the new owner would be obliged to keep activity of the proposed properly for at least 5 years from the acquisition date and preserve working contracts with current stuff for at least two years.

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