• A Wild West Ghost Town 321 km north of Los Angeles has been sold for $1.4 million (R18.9 million).
  • The buyers are hospitality entrepreneur Brent Underwood and Jon Bier, who runs a public relations company.
  • They intend on turning the 121 hectare property into a tourist destination.

A wild west ghost town town has been sold for about R18.9 million ($1.4 million).

Cerro Gordo, a 19th century mining town 321 kilometres north of Los Angeles, had been listed for R12.5 million ($925,000).

The new owners of the 121 hectare property plan to transform it into a tourist destination. The site has 2,230 square metres of buildings — nearly 22 buildings in all.

(Bishop Real Estate)

They include the Historic hotel, the Belshaw bunkhouse, the Hoist house and the Superintendent's house.

The buyers are hospitality entrepreneur Brent Underwood and Jon Bier, who runs a public relations company.

Now watch: This 188-year-old fairytale castle on Isle of Man could be yours for R72 million

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