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  • Mandate: 30605
  • Added: 08 Oct 2016
  • 1529

Ukuthula Private Game Reserve - Sole Mandate - Price reduced.

KwaZulu-Natal, KwaZulu-Natal Midlands
1529
Mandate 30605
Added 08 Oct 2016
R 24,000,000* ZAR
Stock: R 0
Assets: R 29,500,000
Mike Smith CA
(PRINCIPAL)
Aldes Mining
Gauteng
Summary

Price reduced from R29.5mill to R24.0mill! Nestled in the Karkloof foothills, 15 minutes from Pietermaritzburg, an exquisite 277ha reserve overlooking Albert Falls Dam and neighbouring Hilton College and Karkloof Spa.

SELLING PRICE
R 24,000,000* ZAR
Stock: R0
Assets: R29,500,000
Summary

Price reduced from R29.5mill to R24.0mill! Nestled in the Karkloof foothills, 15 minutes from Pietermaritzburg, an exquisite 277ha reserve overlooking Albert Falls Dam and neighbouring Hilton College and Karkloof Spa.

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Precis
A mere 15 minutes from Pietermaritzburg, this magnificent property is a fully functioning private game reserve with six chalets, bomas, wedding/conference facilities etc. (www.ukuthula-lodge.co.za) including, inter alia; A modern main four bedroomed house (with two lounges plus an additional sun lounge, office, courtyard, swimming pool, en-suite guest room and six garages), six thatched alarmed self-catering chalets (fully furnished, with decks), capture unit (comprising of ladies and gents toilets, kitchen, mini conference/reception room, undercover braai area, large thatched entertainment boma with bar area with alarm system and camera surveillance), viewing deck (overlooking a waterhole: thatched bar/entertainment area, built in braai, electrified, ladies and gentlemen’s toilets), thatched river boma (on the banks of the Umngeni with a built in braai), Umngeni river frontage of +1km, a 7 metre viewing tower and suspension bridge, Manager’s accommodation (one bedroom, lounge and kitchen), three staff accommodation units (a one bedroom, a two bedroom and a three bedroomed unit), a workshop and separate storeroom, 2 tractors, one TLB plus other farm equipment, twelve stables, a 40KVA diesel generator, borehole and 19ha water rights from the Umngeni river, the perimeter is fully electric fenced. There is over R 1 million worth of game on the reserve, including zebra, wildebeest, cape eland, warthog, waterbuck, common reedbuck, blesbok, nyala, impala, duiker, giraffe, kudu, genet and cervil. In addition, there is plentiful birdlife with over 300 bird species and abundant fish in the river. The reserve is run by a manager and has four further staff members. The owner handles the chalet bookings and this is undertaken to purely to contribute towards operating costs and often bookings are not taken for personal reasons. Nevertheless income has increased from R 120k for FY2015 to R 843k for FY2016. The reserve has handled weddings, conferences, team-building etc. and these together with the accommodation side can be hugely enhanced if the new owner wishes. The purchase price of R 29.5 million is an all-in price and will be of the close corporation that holds the property. It includes the chalet furnishings, game, tractors, TLB, farm equipment etc. Assuming infrastructure, game and equipment is only R 7.5million; then the land itself is <R 60 000/hectare. This is a beautiful property, without land claims, and can be developed or continued as is. It is well situated in a sought after area. The owner is only selling because of personal reasons.

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FRANCHISE DETAILS

Aldes Mining

1 members
9 active mandates
Gauteng
282 Fremontia Street, Lynnwood Ridge
0081

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