Unique commercial prop with business South Africa

Highlights:

• Half op property is undeveloped - good for establishment of hotel, lodging, casino, etc
• Largest crafter's market in Southern Hemisphere
• Established business, 96 % occupancy rate
• Located in best tourism hotspot in fast developing town
• 10 000 sqm under cover
• Turnkey with full management in place

Description:

Unique property of just under 10 hectares with commercial rights.
Upmarket tourism business included in the sale - largest undercover crafts market in the Southern Hemisphere. African theme. 10 000 sqm under roof.
85 tenants, many restaurants , shops and tourist attractions on site.
The ambience reminds of a rustic country feeling with beautiful natural scenery.
Situated in a tourism hotspot in Hartbeespoort, Northwest Province, South Africa with many daily overseas visitors as well - official tourism busses stop. Extremely busy especially over weekends. Situated in the 2nd fastest developing town in the county. Location of this property is the best one can get. Property fronts on two main roads on different sides.
On the property: very large African crafts market, various tourism & other shops, 5 restaurants one of which is a 1 000 seater, fully equipped central kitchen, large admin building, 6 swimming pools, kids play areas, putt-putt course, go-kart track, bike drifting track, archery, snake & reptile park, lion park, crafter's shop, staff houses & quarters, workshop and many more.
Only half of the property is developed. The remainder is suitable for development of: hotel, guest lodging, casino, water park, tourism entertainment, housing, etc. Large exisitng building can be converted to a casino. Opportunities for additional development is without limit.
Conveniently situated for access to major airport. Elephant and monkey sanctuary, various resorts nearby, as well as the Hartbeespoort Dam wall, a major tourist attraction. Shopping center, filling stations, guest lodges, etc also nearby.
Everything included - lock, stock and barrel.
Solid business with solid financials.
All permits, authorizations, etc. in place. Property is unencumbered, no debts, tax compliant, etc.
Turnkey operation - take over and do business right away. Management in place. Existing staff can be employed.
Abundant water on property. Electricity 3 phase and 1 phase and two generators (150Kva & 50 Kva) included. Provision for parking: 500
Owner retiring.
A once in a lifetime opportunity is on offer here. Insurance company's own valuation is $6.25 million.
It is highly recommended that this property be viewed in person, or at least a representative be sent as it cannot be adequately described in text.
Contact +27 84 637 1778.