9.85 Ha Plot Hartbeespoortdam

by jt
(Hartbeespoortdam, North West, South Africa)

Herewith a short description of the following property situated at:
Shangrila Innibos Private Resort Old Rustenburg Road, Hartbeespoortdam North West Position and Size of Property 9.85 Hectares situated next to the old Rustenburg Road, 1,6km from Damdoryn 4-way stop.
Shangrila Innibos is surrounded by the majesty of the Magaliesberg mountain range oppositeThe world famous Elephant sanctuary and walking distance to the Monkey sanctuary.
Hartbeespoortdam is a very popular holiday destination, offering numerous tourist attractionssuch as hundreds of various traditional African flea markets,
restaurants, golf courses,gyms and health hydro’s, para-sailing, windsurfing, water and jet skiing, paragliding, hang-gliding,and hot air ballooning. You can also visit the aquarium, private zoo and snake parks, cheetah centre,predator park and various game reserves. Shangrila Innibos is approximately 85 km on the main road to the famous and internationally known Sun City. Also situated in the cradle of Human and mankind.
The property is also situated north of the Magaliesberg mountains with a frost-free hot bushveldatmosphere witch make it ideal for tourism and visitors throughout the year.You can explore and discover the scenic beauty, entertaining attractions, fun & activities and places ofInterest of this wonderful area from the comfort of Shangrila Innibos – perfectly situated within easyaccess of all activities….
Suitability and Rights of the Property
The Property rights has been upgrated and rezoned from general agriculture to that of Weddings andAccommodation. (Overnight facilities, chalets, camping sites ext.) Further rights can be obtained through the normal procedures. Specially maybe for daily spa’s etc.
Improvements on the Property (build within the last 2 years)
Enclosed Lapa (254m2 to fit up to 100 seated guests) with stage, toilet facilities and adjoining fully fittedKitchen. Movable assets includes large solid wood round tables with chairs, linen, décor lights, bigscreen and projectors for functions as well as stage drapings. Fully equipt kitchen with gas burner, crockery and cutlery, microwave, earn, ext for weddings and functions. Bar with fridges. Lovely garden chapel with wooden chairs, podium, hand-painted glass windows and decorations in luscious subtropical gardens with water features ext.
12 Upmarket camping sites for Caravans/Tents or Motorhomes with water and electricity.
9 Exclusive private ablution facilities consisting of modern tiled bathrooms, undercovered food preparation areas with built-in braai’s, with large veranda’s and unique outside shower facilities.
Each site also has a private boma, evergreen lawns and lovely bushveld surroundings. 2 Double volume luxury thatchroof self-catering chalets (sleeps
4)beautifully decorated to create a unique earthy atmosphere. Sunken bath, large wooden decks and private boma’s surrounded bylush gardens.

Romantic “Island style”thatchroof honeymoon-suite with built-in braai and private garden.
3 Comfortable, beautifully decorated double bedrooms with on-suite bathrooms (log-cabins) ideallyused as overnight facilities with small kitchenette and boma’s.
Several outdoor furniture such as wooden picnic sets ext.
Secure and safe parking for approx 200 motorcars.
The property is fully fenced (2,7 meter high) – partly walled and partly fenced for game with double automatic electric entrance gate.
Store room and security room.
Borehole, 10 500 litres per hour (certificate).
3 Phase electricity 100 kva
Newly revamped semi double storey house (380m2) (Main house) with double carport
Brand new second house (200m2) under construction.
3rd 2 Bedroomed house (150m2).
3 Enclosed garages fits 6 cars with huge ajoining workspace.
Newly built rockface heated swimming pool (90,000 lites) with waterfall.
5 Horse stables (100m2)
Servant quarters (60m2)
Lush green gardens and lawns with sprinkler systems and garden lighting.
Varius dams with fountains.
Playpark for kids.
Income Projections Currently
Aprroximately 2-3 weddings per month
Corporate functions e.g. conferences, team building, birthday parties, Sunday lunches, ext (Huge Gospel festival coming up 16th June 2011 – more than 1000 people expected with well-known Singers.)
Camping sites
Self-catering chalets
Overnight log-cabins
The property is situated in the so called “Tourism Hubble”. Approximately 2 million cars, busses And other public transport visit this area every year. Shangrila
Innibos is located on the main roadWalking distance from all of these activities. Thousands of cars and people passes the premisesevery day.
There are various National activites wich take place every year e.g. runners, cycles, motorbike ralley’s ext.
Income Projections Future Value
Taken into consideration the limited land for sale in the Hartbeespoortdam area especially so close tothe centre of tourism activities, a minimum growth rate of 10% per annum can be added to the market value of this most valuable property.
A future income increase of between 10 – 15% per annum for functions, weddings, accommodation,ext is a realistic figure in this area.
The R.O.D. for at least 10 new Platinum mines to be build between Brits and Rustenburg (witch is on ourDoorstep)has already been issued last year (2010) and of witch construction will soon commence. The Senior Ingenieur of Anglo American, Jhb has visited us recently URGENTLY looking for accommodationfor local as well as overseas professional people who will be involved with these projects.
Bookkeeper statements available on request for serious Investors only.
Asking Price
R12,5 million Excluding vat.(Sworn valuation R14.4 million)