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R29,000,000

Monthly Bond Repayment R279,856.28
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Monthly Rates
R10,775

Elephant Kraal Game Eco Estate Development and Safari Lodge Pongola Game Reserve.

Nestled within the Pongola Game Reserve, below the foothills of the Lebombo Mountains and adjacent to the waters edge of the Jozini Dam, lies The Elephant Kraal Game and Eco Estate.
The Reserve is home to an abundance of plains game and members of the Big 4, Lion excluded. The Jozini Dam is also home to a rich quantity of the highly prized Tiger Fish and the mighty hippo.
Located directly off the N2 highway, which connects Durban to Swaziland, Mpumalanga and Mozambique. The Elephant Kraal is also easily accessible by road. A mere 3 hour drive from Durban and a 4.5 hour drive from Johannesburg and can also easily be reached by air travel, with Mkuze and Pongola airfields only 20 to 30 minutes away.

An exclusive opportunity to invest and now own outright this luxurious property development in the world renowned Pongola Game Reserve, where you can experience the heart of Africa beating on your doorstep!
Your guests will wake to the sounds of the bushveldt in this unique bush lodge and integrated bush resort. Filling the sun soaked days with game drives, fishing for the renowned tiger fish & boat cruises on Jozini Dam, bush walks, bird watching and select hunting, can be arranged for the enthusiast!

According to the current owners;
Elephant Kraal has committed to building and operating in the most ecologically responsible way possible, by researching state of the art solutions from the outset and by implementing green practices during initial installations and throughout the ongoing operations of the hotel and lodges.
The development is zoned, subdivided and 90% serviced.
Consists of 21 Full title sites whereof 5 have already been sold. Income from the remaining 16 is purported to be in excess of R9.5 million. Sizes of stands vary from 3000 sqm to 10 000 sqm.
Building packages range from R1 590 000 for a 3 Bedroom Lodge.
Still to be developed is the 72 suite boutique hotel, that will house a state of the art spa, restaurant, conference and wedding venue. Potential income per annum with 50% occupation will far exceed R 13 .7 Million per annum.

This offer includes an existing 3 star lodge comprising of 4 'rondawels' divided in the middle to create 8 rooms and includes all the furniture and fittings. Consisting of fully fitted butchery and equipment, kitchen with gas stove, dining room, bar, tv lounge, 'boma' and swimming pool. What's more, the neighboring lodges also enjoy 80% occupancy year round!
Two lodges in the Elephant Kraal Development have been completed one is valued at R8 900 000,the other is a smaller lodge valued at R3 000 000.There are 2 other lodges at roof height and these will be completed in the new year. Also at the Elephant Kraal are 2 hotel rooms in the process of being completed.
Another lucrative option being considered is to plant 100 hectares of Macadamia trees and this will increase the value of the property by R100 million rand.

Game included is in excess of R2 000 000
Boats and game drive vehicles are also included.
Total value exceeds R 45,000,000.
There is no transfer duty or vat, only a transfer of shares.

If Farms are bought separately VAT will be charged. Farms can be bought separately;
1 Farm Goedenmoed with the Elephant Kraal development R18 500 000.
2.Farm Goedgeloof R10 500 000.

Owners divesting. I believe this presents an excellent opportunity to expand a property development portfolio into Eco Tourism and to harness that eager market.
On hand -
Independent valuation.
Sales agreements, floor plans, site layout as well as specs for fittings and furniture options.

Features

0
0
Interior
Kitchens
1
Reception Rooms
1
Exterior
Carports / Parkings
1
Security
Yes
Sizes
Land Size
612Ha
 
  • 1
 

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Disclaimer: While every effort will be made to ensure that the information contained within the Seeff Property Group website is accurate and up to date, Seeff Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Vat @ 15%
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Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
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Vat 15%
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Monthly Payment

279,856.28

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