Lodge, wedding centre and residential development

R31 000 000.00 plus VAT if it is not sold as a going concern

This property offers a unique opportunity for any investor or developer. Located in the East of Pretoria, this prime property is ready to take it to the next level with all approvals and services in place. The property is currently operating as a lodge, conference and wedding centre and is available as a running concern. However, it also presents a great opportunity for a residential development with the potential for 29 new dwellings.

The total size of the land is 8.5 hectares, with an approved coverage of 10% of the land area, which amounts to 8500 square meters. The current improvements on the property have a size of 2667 square meters, leaving 5832 square meters still available for development. The height restriction for any new structures is two storeys.

The property has a valid liquor license for a restaurant and ladies bar, which is already approved and in place. This means that the developer can commence immediately with the building of the approved structures. The rights for the development have been approved and are in place, allowing for 29 new units on stands, chalets, or sectional title units. The sectional title schemes for the 29 units are already opened and registered at the Deed's Office. Furthermore, the right for further extension of the 29 units has been registered at the Surveyor General's office, with stand sizes varying between 511 square meters and 896 square meters. The building of a lecture room, a gym, and a squash court has also been approved.

The property currently has existing buildings, including a guard house at the gate (77 square meters), a chapel (170 square meters), a function hall (420 square meters) with a ladies bar, restaurant, lounge, kitchen, and ladies and men's toilets. There is also a lapa with a bar area (183 square meters) and ladies and men's toilets, a board room (36 square meters), and a lecture room (136 square meters). The property also has 12 double guest rooms, all en-suite (476 square meters total), two managers' houses (132 square meters and 213 square meters respectively, totalling 345 square meters), three one-bedroom self-catering chalets (106 square meters each in size, totalling 318 square meters), three two-bedroom self-catering chalets (131 square meters each in size, totalling 393 square meters), and three three-bedroom chalets without kitchens (89 square meters each in size, totalling 267 square meters). There are also pump houses for two boreholes with a tested yield of 10,000 liters per hour. The quality and quantity of the boreholes have been tested and approved as required by the authorities.

The property is VAT registered, but the sale contract can be structured so that no VAT is payable if it is sold as a going concern. This is an excellent opportunity for any investor or developer to either expand on the current lodge or develop a small and exclusive estate. Don't miss out on this opportunity – contact me to view the property, or you can also WhatsApp or email me. Read more...