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1100 m² Commercial space in White River

R 8 200 000

Address: 111 jatinga road
15 Baths
Floor Area 1100 m² Land Area 6.8 ha Rates R 1200

This property has been running as a very successful guest lodge, with brilliant reviews and a healthy occupancy rate. In recent years the owners have opened the property up to be an event venue. The fact that the property has a 30m x 20m shed which has a cement floor and an insulated ceiling, makes it the perfect place to host large events such as music festivals, seminars, or even large weddings. As part of the events venue component of the property, there is an ablution block that consists of 2 toilets, 1 urinal, and 1 full bathroom, there is a fully equipped restaurant. The property has a Liquor Licence so that will certainly add to the revenue stream. There is large swimming pool, which in turn has a Lapa area that has 4 built-in BBQ''s and is big enough to seat roughly 100 people all around the swimming pool. For the younger ones there is a play zone which has a jungle gym, slides, swings, and a seesaw amongst a host of other apparatus.

The guest lodge component of the property consists of nine guest units and a separate one bedroom granny flat. Seven of the guest lodge units are fully self-catering (they range between 2 - 6 sleeper units) and the other 2 are semi-self-catering rooms which sleep 3 people each. All the units are stylishly decorated, neat as a pin, and are all large with plenty of natural light. Each unit has a space where a person can have a braai and one of the units even boasts a Jacuzzi. Due to the property being easily accessible to the KMI airport, it makes an ideal stopover location for people that are from far afield. Local guests also enjoy coming here as it is far enough out of town to give one that sense of peace, but it is not a cumbersome journey to reach this destination.

The granny flat is perfect for a long-term tenant or manager''s accommodation. This airconditioned unit is complete with kitchen and bathroom. The bedroom and lounge are combined.

An often-overlooked aspect of a property such as this, is the main residence. In this case there is a four-bedroom, three- bathroom farmhouse that that has a great big lounge with a fireplace, a separate dining area, modern kitchen, and the all-important front veranda. The main dwelling features its own private swimming pool, two double carports, storage facilities and the staff accommodation.

For those looking for yet another form of income from this property, there is at least 5 ha of arable land of which 2ha of established Kikuyu Lawn. The property has 7ha of water rights from the Karino Waterboard Canal system. Furthermore, there is a cement irrigation dam as well as an earthen dam. All the drinking water on the property is from a strong borehole. There is a 40kva generator to ensure everything keeps running during load shedding.

In terms of future development, the property has been rezoned from Residential to Tourism. There is an approval in place to build eight additional two-bedroom units. In fact, the services which include the sewage pipes, water pipes for all 8 units and electric cables for 4 units are already underground. The property has 150m of river frontage, which can be developed further to enhance the value of the property.

Lastly the property has a massive front wall that has two large entrances which are accessible by interlink trucks. The main gate even has a guard house, should you feel the need to beef up security.

In summary this property is already creating great income, however due to the unique setup of the property this can only increase exponentially. This is certainly worth exploring should you be looking to invest in the Lowveld.

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Key Property Features

15
Bathrooms
1
Open Parkings

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