Lodge For Sale in Gonubie North

R15,000,000

50 Arum Rd

Web Ref No EPR27623

A strong value proposition combined with a great location

Your opportunity to own this established and fully developed complex that has been operational for 20 years. This business owns these properties and generates income through property and land rentals.
The monthly income is stable and predictable, and comprises rental income and levies that contribute to running costs. Full financial disclosure available through consultation with client accountant and these will inform your investment and financing decisions.
The area is primed for growth with exciting new developments in the area highlighting the investor confidence in this section of Gonubie.
The park comprises three erven and is owned through
two legal entities.
The majority of the land in the first entity is vacant. Portion 18 of Farm 800 is vacant while Portion 17 of Farm 800 has two houses and a park-home.

Portion 14 of Farm 800 consists of 29 houses, cottages and park-homes owned by the second entity, all occupied.
It further comprises 31 plots that have structures on (cottages and park-homes) that tenants pay land rental and levies on. These also all occupied.
The water and electricity supply is excellent, having been
supplied by the Municipality as three erven when
established in 1999. Water via 75mm water supply and three separate electricity supplies to the site.
Water, electricity and sewerage all serviced through the
Municipality.

All 63 properties are tenanted. The owners interview
tenants on application, and have established a set of
conduct and occupancy rules.
The area is walled and fenced, and access is via a security
gate. There is a full time manager who lives on site to
attend to day-to-day issues.
Occupation rates are excellent, with little to no historical
vacancies to speak of (owners indicate demand far
outweighs current supply)
Financial information available on request.