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  • Mandate: 29806
  • Added: 01 Mar 2016
  • 1845

Upmarket, exclusive Game lodge in Private Game Reserve.

KwaZulu-Natal, Zululand
1845
Mandate 29806
Added 01 Mar 2016
R 5,200,000* ZAR
Stock: R 0
Assets: R 7,000,000
Gary Gower
Aldes Ambassadors
KwaZulu-Natal, ballito
KwaZulu-Natal, ballito
Summary

An upmarket, fully serviced bush lodge, situated near Hluhluwe in a Private Game Park. The lodge overlooks beautiful wetlands with extensive bird life. The ideal destination to explore and enjoy the Elephant Coast region of KwaZulu Natal, whether you are looking for beach or bush, both are near at hand. The asking price of the Property is R 6 890 000. This is inclusive of the land, 3 lodges and all furniture and fittings.

SELLING PRICE
R 5,200,000* ZAR
Stock: R0
Assets: R7,000,000
Summary

An upmarket, fully serviced bush lodge, situated near Hluhluwe in a Private Game Park. The lodge overlooks beautiful wetlands with extensive bird life. The ideal destination to explore and enjoy the Elephant Coast region of KwaZulu Natal, whether you are looking for beach or bush, both are near at hand. The asking price of the Property is R 6 890 000. This is inclusive of the land, 3 lodges and all furniture and fittings.

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Is a property valuation available?
A professional Valuation is available.

What Advertising/Marketing is carried out?
The Property has a very active website and is also listed on many booking portals.

Is the property being let by a letting agency?
No.

Is a copy of all the lease agreements on the property available?
The property is privately owned

How could the income of the property be increased?
The Lodge has been graded as a 4 star Lodge, by the Tourism Grading council. The main lodge has four en-suite bedrooms. Each bedroom has a king size extra length bed. Two of the bedrooms can be separated into two single beds. Each bedroom has a bath as well as an outside shower. Shower in the bush with the birds and other animals which may walk past. There are also 2 one bedroomed lodges on the property. All of the Lodges can be rented out to generate income.

What is the monthly rates and taxes payable to local authority?
The rates, levies and water are approximately R10 000pm.

What is the total staff complement?
There are 2 staff members at present. A maid and a gardener. They have both been in the employ of the current owner for many years, and tend to the properties and land whilst the owner is away and when they are there with guests.

Do any receive special perks or incentives?
They are on a Provident fund.

Are they on contract?
They are both on contract.

Do any have management potential?
None have Management potential.

What are the main assets of the business?
The main lodge and the 2 smaller lodges on the property all beautifully furnished.

What is their overall condition?
All furniture and fittings are in excellent condition.

Do any require repairing?
None require repairing.

How have they been valued ?
A professional valuation of the buildings and furniture and fittings was done for insurance purposes.

Are they presently insured?
Insurance is in place for the buildings and furniture and fittings.

Strengths?
This is a beautiful Game Lodge within a Private Game Reserve that is situated next to a lake where the animals in the reserve come to drink water, affording the occupants of the lodge private game viewing. There are 3 lodges on the property that are beautifully appointed and these can all be rented out to earn income.

Opportunities?
About 100m from the main lodge are two small lodges which sleep two people. These lodges are self contained and beautifully appointed. They both have TV’s and outside showers and are exceptionally private. One has its own plunge pool.These lodges are already listed on all the main internet rental sites, and generate an income. With increased owner intervention, these lodges can be actively marketed to generate more income.

Threats?
No threats perceived.

What is the reason for the sale?
The owner has several properties and businesses. He does not have the time to manage the Game Farm any longer.

Why is this property a good investment?
The property, land, furniture and fittings have been professionally valued for insurance purposes at R10 000 000.

What is the asking price?
The asking price of the Property is R 5 200 000. This is inclusive of the land, 3 lodges and all furniture and fittings.

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FRANCHISE DETAILS

Aldes Ambassadors

2 members
9 active mandates
KwaZulu-Natal , ballito
29 Kyalami Park Cnr Douglas Crowe drive & Stewart Drive Ballito
ballito
4051

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