R37,000,000

Retail for sale in Waterberg

No doubt one of the landmarks of the Waterberg and a prominent establishment in Vaalwater is now up for grabs to the astute investor out there.

Secure anchor-tenants within the retail sector ensure a multi-million annual rental income generated whilst the accommodation / hospitality section is a sought-after stop-over for visitors to the area.

Convenient and well-located, this kind of prospect bursting with endless business opportunities appears on the market rather sporadically – the current owners being a perfect example having resided here for many years.

Gigantic trees towering above lush, almost tropical gardens covered with magical green lawns ensuring enchanted surroundings that are playing home to a prolific birdlife whilst a crystal-clear ozone pool completes the most unbelievable atmosphere found here.

Infrastructure is well-kept and includes the following:

RETAIL SECTION:

  • A large section with a gross lettable area of 3054m² comprising of shops, restaurant, ablutions, stores, 14 x storage garages, 2 x houses, 1 x flat, etc.
  • Long term stable tenants include the likes of Spar, Tops, etc.

HOMESTEAD AND LODGE SECTION:

Main residence comprising of beautiful house with:

Lounge with fireplace

Dining room

Modern kitchen with scullery

Bar

3 x Bedrooms

2 x Bathrooms

Patio & braai area

Underfloor heating & air conditioners

Laundry, garage & staff quarters

2nd House

Open plan lounge, dining room & kitchen

3 x Bedrooms

2 x Bathrooms

Air conditioners

3rd House

Dining area and lounge

Kitchen

3 x Bedrooms

2½ x Bathroom

Front and back patio

4th House

Lounge with dining area / nook

Kitchen with scullery

3 x Bedrooms

2½ x Bathrooms

Outside shower & toilet

Laundry

Flat

Open plan kitchen / lounge / dining area

1 x Bedroom

1 x Bathroom

Secluded garden with braai area

Cottage 1

Open plan kitchen / lounge / dining area

1 x Bedroom

1 x Bathroom

Outside / secluded bath

Secluded garden with braai area

Cottage 2

1 x Bedroom with loft

1 x Bathroom

Cottage 3

Open plan kitchen / lounge / dining area

2 x Bedrooms

2 x Bathrooms (both en-suite)

Secluded garden with braai area

Cottage 4

Open plan kitchen / dining area

2 x Bedrooms

1½ x Bathroom

Braai area

Cottage 5

1 x Bedroom

1 x Bathroom (en-suite)

Boma / braai area

Cottage 6

1 x Bedroom

1 x Bathroom (en-suite)

Boma / braai area

Zulu Hut

1 x Bedroom

1 x Bathroom (en-suite)

Boma / braai area

Swimming Pool / Steam Room

Large “ozone” pool in good condition

Steam room with shower facility

VACANT LAND SECTION:

There is roughly 32Ha of undeveloped bushveld of which 2Ha has registered business rights. A further plus is ± 550m river-frontage onto the Mogol River where structured weirs create beautiful dam-like areas.

WATER:

Apart from natural water from the Mogol River, there are 2 x equipped boreholes of which one is used and the other is for backup. Storage is via Jo-Jo tanks with more than 40 000L in capacity.

ELECTRICITY:

2 x 3-phase connections, one from the local council and the other from Eskom whilst a reliable / working standby generator of 300kVA takes over all of the infrastructure in the case of a power failure.

LOOSE ASSETS:

No loose assets included in the asking price but owners are willing to negotiate around this depending on the offer being tabled.

TITLE DEEDS & REGISTRATION:

There are 3 x title deeds, registered in a family trust that is also VAT registered. (VAT excluded from the asking price should it be applicable)

PLEASE NOTE:

Audited financials are in place but only pre-qualified / pre-approved buyers would be entertained once proof of funds or financial capabilities have been submitted.

Property Type
Retail
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retail listed on 29 Oct 2020