Verified Listing
Posted on July 16, 2018 / 76
Price : R35,000,000
Listing Type : Property
Location : Gauteng
Ref. No : 2459
Year Established : 1985
No. of Employees : 72
Turnover : R1 471 093
Expenses : R1 312 617
Net Profit : R158 476
Asset Value : R4 907 316

Here is an opportunity to purchase 11.8 hectares of prime property in one of the fastest developing nodes on the West Rand. This sought-after property currently has many thriving businesses operating from within its boundaries including but not limited to, Weddings, Conferences and Flower Shows, etc. as well as a very popular tea garden, a large plant nursery, and many other ancillary lifestyle businesses. There is also a large manor home that can be used for offices, a nursery school, a private school and numerous other possibilities.

Each year the property is visited by over 250,000 people attending the numerous functions that are on offer and/or available to the general public. This iconic and extremely popular venue is located on a very busy and major arterial which is soon to be upgraded to be a highway comprising 4 lanes (2 lanes in either direction).

This upgrade to the road infrastructure will no doubt add to the number of visitors and indirectly increase the value of the property as well as the profitability of the many internal businesses. To accommodate the many visitors, the owners have built a parking area covering some 3 850 sq. meters and there is room to easily extend the parking area.

The owners are in the process of retiring and are planning to relocate to the coast. They are asking around R35 million for the property as well as this thriving business, lock stock and barrel and are open to negotiations with all serious buyers/developers.

Property: Owned by the sellers and measures 11.8 hectares.
Business Value: ± R5 500 000

 

Steve Van Rensburg – Roodepoort