Link Business

Investment & Development Opportunity-Golf Estate

R71,000,000NelspruitListing: #13851


Nelspruit businesses for sale 


R71,000,000

Accomodation/Tourism businesses for sale
Refer to Broker


About this business for sale

Investment & Development Opportunity-Golf Estate
On offer is an exciting investment/development opportunity to buy or partner in a private owner-run lodge, B&B and golf destination offering overnight accommodation on 250 hectares of which the majority is on top of a mountain overlooking a beautiful valley.

This gem estate with its mountain climate is an experience for guests to enjoy all that nature has to offer with its wildlife and with some misty mornings and cosy evenings around the fireplace.

The area is a prime location for attracting overseas visitors, local visitors, business groups and obvious golfers alike with its scenic beauty and many attractions. The estate ensures a “piece-of-mind” for guests away from the city life and traffic to enjoy uninterrupted views of the beautiful valley with its spectacular sunrises and sunsets.

The farm was rezoned for tourism in 2008 and the golf course, clubhouse, chalets and all other entertainment facilities is well established. Very few courses would boast the views of the entire course.

The 9-hole (18 tee) par 71 links course is challenging and is labeled as the first Mountain Links course. Golf groups are the main focus and the venue lends itself perfectly for an unforgettable golf breakaway.

Themes for typical events vary greatly from business groups, birthday events, family or friends together, anniversaries or serious golf changes amongst colleagues. The varying lengths, club selection and approach angles on the front and back nine ensures the challenge of a full 18-hole championship course.

The estate also offers swimming, birding, mountain biking, fishing and walking trails and the estimated set-up costs for a similar golf and accommodation estate facility will be about R100m.

The reason why this golf estate development comes into the market, is because the owner is looking for a suitable partner(s) to invest into the estate or a buyer, to develop it to its full potential.

The estate is a central venue for businesses to get together for regional meetings or mini-conferences, with the added team building activity of the golf course. A private board room is available to comfortably seat 4-10 delegates with an overhead projector facility.

For larger groups, the main Clubhouse lounge can be converted to seat up to 50 delegates with a large LCD display screen available.

The estate is fully operational with a licensed Clubhouse, SAGA affiliated golf club, three luxury double chalets (with 2 guests each) with views over the 9- hole and glorious mountains, two garden chalets for respectively 7 and 5 guests overlooking the 4th hole on the golf course and mountains and one escarpment chalet (7 guests) situated on the edge of the escarpment with glorious views and a great birding spot.

The infrastructure includes furthermore concrete/tar access roads and internal paved roads, Eskom electricity, 2 bore holes, 4 dams, irrigation for the 9-hole (18 tee) golf course, maintenance machines and golf carts.

Building plans have been approved for an additional 20 units to be built around the existing golf course to accommodate additional 86 guests. Furthermore, the possibility of establishing a cableway has also been investigated at an approximate cost of R45m.

Other developments include game fencing the estate to introduce some smaller game. Currently they have reedbuck, duiker, impala, kudu, black-backed jackal, side-striped jackal and the occasional leopard roaming the estate. In winter up to 30 reedbuck can be seen on the golf course late afternoon.

The selling price of this gem golf estate is R71 000 000 made up as follows:

*Fully equipped Golf Clubhouse, administrative offices and reception area, etc. =R5 000 000
*Fully equipped six chalets=R7 800 000
*Established Golf course (9-hole) with irrigation, etc. =R40 000 000
*Store room, various golf machines, golf cards, bakkie, etc. =R2 000 000
*Land (250 hectares), 4 dames (sealed), 1 cement dam and 2 boreholes =R3 000 000
*Access and paved roads, etc. =R3 600 000
*Goodwill – farm rezoned for tourism, approved additional 20 units and current business = R9 600 000

An added advantage for a new buyer and investment partners is that the husband and wife owners are prepared to stay on to assist with the management and the further development of the estate.

Full financial information and a detailed asset register will be only made available to serious buyers who have the equity available. The owners is also willing to negotiate with more than one investors to become partners in the estate and further developments – the details of such a partnership can be discussed with the owners.

This is an exciting development/investment opportunity for entrepreneurs/investors to buy or to become a partner in an established golf estate, to develop it to its full potential, to market it aggressively to ensure its true growth potential is unlocked.

Should you be interested in acquiring further information about this investment, kindly contact the listing Broker.




West Rand
helmut.bahlmann@linkbusiness.co.za
Mobile Only
079 903 9837

Helmut Bahlmann