Is a property valuation available?
ABSA has done a complete property valuation.
What Advertising/Marketing is carried out?
The farm has no need for marketing.
Is the property being let by a letting agency?
No letting agency is needed.
Is a copy of all the lease agreements on the property available?
The Seller owns the land of 450 hec, of which 25hac are irragated by centre pivott irragation of and 12 hec drag line,as long with 30 000 lens, fully automated chicken coupe`s
Is the business VAT Registered?
Yes, the farm is VAT registered, documents are available.
What VAT documentation is on file?
All documents are on file.
Are there up-to-date Management Accounts available?
All management accounts are available.
What Balance Sheet and Income Statements are available?
All income statements are available at seller.
What is the age analysis of the debtors book?
Yes seller has debtors book, non payment weekly based.
What is the monthly rates and taxes payable to local authority?
Seller has all necessary documents.
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
4 X General farm workers
Do any receive special perks or incentives?
They do receive perks in form of bonuses.
Are they on contract?
Do any have management potential?
Yes, one general worker has management potential.
How involved is the Owner in running the business?
Works 100% of the working day.
Do you require a licence?
No licence required for agriculture.
What are the main assets of the business?
Chicken coups, 30 000 chickens, Fully automated irrigation, 37 hectors.
Are any items not included in the sale?
No, all included in the sale.
What is their overall condition?
Good and excellent overall condition.
Do any require repairing?
How have they been valued ?
ABSA has Valued the farm.
Are copies of agreements available?
Are they presently insured?
Increase the production of Eggs. Game Farming could be implemented to tourists.
During severe droughts, can effect the water irrigation to flow slower in turn the farmer can loose most of his crop.
Impact study and authorization for another 30 000 laying hens is approved
Mainly drought can be a threat.
What is the reason for the sale?
Owner wants to pursue other business interests, to explore more opportunities.
Why is this property a good investment?
Multi income based farming. Good investment.
What is the asking price?
R 19,800,000 + VAT R 2,772,000 = R 22,572,000.
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