R 30 000 000 | Commercial Property for Sale in Estcourt Rural

This 230 hectare farm is located just out of Estcourt, in the most picturesque and inspiring setting with breath taking views of the mountains & valleys, lies this lifestyle business and Farm that truly sets your heart free.

The lodge allows for an idyllic country living lifestyle and if kept as is, already runs profitably on its own with a management team in place. However, if you would like to optimise these returns and become more hands on with the running of the business then profit margins will increase substantially. Although already a great business, the occupancy levels are still low enough to scale significantly using the existing room infrastructure. There are also easy opportunities to expand on the existing room infrastructure without the need to expand on the lodge infrastructure. The Lodge has a great reputation and excellent rating. The location is prime and perfect for offering a base for the huge range of tourist attractions offered in the Kwazulu Natal Midlands as well as the Drakensberg.

This sale consists of an agricultural property bundled together with a hospitality business as a going concern as well as the movable assets. There is a great return on investment and property appreciation, as well as additional income that can be achieved through rental of garden cottages and agricultural grazing. You could also realize the agricultural value should you decide to diversify into farming also. There are great opportunities to scale the business further as well as diversify other non-hospitality income generating opportunities

The property consists of:

Main Lodge - 15 generous en-suite bedrooms, 4 additional en-suite bedrooms, 3 en-suite staff accommodation units, a manager apartment, chapel, airfield and hanger space. (total 23 accommodation units)
Total of 33 bedrooms and 31 bathrooms for the entire property.
Farm House - a 600 square meter turn of the century historic building built from cut stone which is used as owner accommodation.
Next to the farmhouse there are 2 self-catering garden cottages
Extensive gardens and sheds and workshop.
The farm offers good quality grazing. 210 ha can either be leased out at approximately R70 000 p/a or you could establish your own beef herd of up to 120 head of cattle.
Diary - An old abandoned dairy which the owners have started to renovate

Water supply is from a natural spring which is stored in a 600 000 litre underground cistern. Additional water can be filled into the tanks from 2 farm dams. There is 3-phase Electricity through Eskom and there is Solar power.

A 750 meter grass airstrip allows for fly in guests. An iron hanger of size 12m x 25m is next to the airstrip. Options exist to lengthen the runway to 950 m should that need arise.

Included in the Sale:

230 ha of Agricultural land
4100 sq meters of buildings
Other farm fixed assets. Hanger, Landing strip, electric fence, 2 dams
Farm movable assets
include the contents of the lodge, workshop, tractor, implements, bakkie and livestock
excludes personal belongings in the Farm house.
Business

Do not miss out on this Golden Opportunity – T’s & C’s apply to viewing. Purchase attracts VAT.