Verified Listing
Posted on April 12, 2019 / 1292
Price : R40,000,000
Listing Type : Game Lodge
Location : Eastern Cape
Ref. No : 2542
Turnover : R 310 185
Cost of Sales : R 60 422
Expenses : R 219 593
Net Profit : R 30 169
Asset Value : R 2 000 000

A Farm of 1196,7 hectares with approved 2,4m game fencing and huge variety of game. All certifications in place. Water is supplied from 6 boreholes & Eskom Power.

The seller is prepared to offer partial seller finance in the form of a first bond, if a substantial deposit can be provided.
The bond will be over 5 years with favorable terms based on an annual payment that can be paid from the proceeds of the business.

6 bedroom lodge; 2 self-catering homes, 10 self-catering 1 bedroom units, 10 hunters cottages, Adventure Centre for School camps and several other dwellings. Various large conference & wedding facilities; restaurant, lapa, swimming pool, various bomas. Excellent income from accommodation, weddings & conferences.

3 Star Graded by AA Travel and well as SA Tourism Grading Council.

Development rights: Potion of farm has been rezoned to develop 100 stands of which the first phase of 37 stands are now for sale. House plans already drawn and approved Surveyor has pegged plots and showhouse has been built.

The Nature Reserve focuses on educating the youth using the Eco Challenge concept and Nature Conservation as a basis. This Nature Reserve offers a 3 Star graded Accommodation an upmarket Guest Lodge, fully furnished en-suite, luxury double bedrooms, 2 new conference facilities, an ultimate venue for weddings, conferences, seminars, product launches, workshops and banquets.

The Adventure Centre offers hiking trails, horse trails an accredited obstacle course and many allay and night time activities. Lecture halls, a fully equipped kitchen and dining hall as well as a natural atmosphere and a large open boma with braai facilities, all situated in a nature reserve, make it sought after venue for school & youth camps. Eighty young people can be accommodated.

Adventure Centre Activities include Sport Clinics/Camps, Team Building, Horse Trails, Hiking Trails, Leadership Skills, Abseiling, Bush Survival Skills, 4×4 Trials, Cross Cultural Workshops, Mountain Bike Trail.

Other Income opportunities

Bottle Water
This Reserve has extremely good fountain water, they had water tested and have also produced a label. The water is bottled for consumer use, but with a proper filtering plant and bottling facility water can be bottled and sold. With the current water situation in the country and having water like this brand, its like having liquid gold.

Open Cast Mining
This Nature Reserve is situated on a large deposit of Dolorite which is surface accessible and very easy to mine. The Dolerite deposit is on the closest side of town and close to the main road. There are several interest of Quarry/mining companies to mine this dolorite.

This for obvious reasons a key strategic opportunity. One of the companies is Stutt Quarries and they very serious about mining and had already started preliminary applications. This is serious income stream opportunity for the owner as it is on the side of the farm and it does not affect any farming operations.

Valuation Summary
• Land & Buildings current replacement value as insured R 26 million
• New 37 Plots adds an additional R 500,000.00 per plot = R 18,5 million
• Phase 2 of 63 additional plots adds R 31.5 million to the value
• Guest House Business with Conferencing & Weddings R 5 million.
• Furniture & Equipment R 2 million
• Cattle R 2 million
• Game R 7 million (including Bontebok, Giraffe, Eland, Kudu, Zebra, Red Hartebeest, Black Wildebeest, Impala, Springbok, Bushbuck, Fallow deer, Mountain Rhebuck, Blesbuck, warthog, duiker)
• Total value R 60,5 million as is with additional 63 Plots value – R 92 million

Mfundo Nhlabati – Broker Head Office