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realestate

Mandate 1066

R 7,300,000.00

Camping Conferencing and Events Venue – This camping, conferencing and events venue has grown into a sort after venue for many Church, Youth, Schools and Varsity Groups. Many corporates also use the venue for conferencing and team building exercises as it is situated on 6.0216 hectares in the beautiful and scenic Hekpoort Valley at the foot of the Magaliesburg Mountains. It is conveniently located within a 70km radius of Johannesburg, Pretoria and Potchefstroom with Rustenburg only 55km away and Krugersdorp a mere 25km away. This makes it extremely centrally accessible, safe location for Gauteng and the North West Provinces. This venue can accommodate 225 people in fully furnished dormitory style accommodation with bunker beds and 4 Leader rooms. This makes the venue extremely versatile and unique for many types of events and groups: – School camps – Church camps – Youth camps – University camps – Educational camps – Conferences – Conventions – Weddings – Events – Matric farewells There are a number of outings to the rich heritage of the area. For example: – Cradle of Humankind World Heritage Site – Sterkfontein Caves – Hartebeeshoek Radio Astronomy Observatory Telkom Satellites – The Elephant and Money Sanctuary – Van Gaalen Kaasmakerij – and many other interesting and educational places In addition this property has full business rights for camping and all related activities. The replacement value of this venue as determined by the Property Group in November 2012 was R 10,600,000.00. Priced at R 7,300,000.00 it becomes a steal for an entrepreneur who can appreciate its growth potential and potential return on investment.

Product Description

Broker name: Steven Van Rensburg
Mandate number: 1066
Category: Real Estate
Location: Magaliesburg
Year Established: 01/01/1975
Number of Employees: The venue employs 5 full time staff 1 x gardener, 4 x cleaning staff. It also has 1 x full time manager (the owner) and 2 part time assistants (being the owners parents).
Hours of Operation:
Lease Term: Not Applicable

Movable Asset Value: R 7,234,520.00
Stock Value: R 2,400,000.00
Average Monthly Turnover: R 50,434.00
Average Monthly Expenses: R 38,822.00
Average Monthly Net Profit Before Tax: R 11,612.00
Asking Price: R 7,300,000.00

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