COMMERCIAL OPPORTUNITY
ON N4 KARINO INTERCHANGE
- · 110Ha WELL ESTABLISHED MAC & CITRUS FARM
WITH AMPLE WATER RIGHTS
- · LONG TERM BLUE CHIP TENANTS
- LAFRAGE QUARRY WITH ROYALTIES INCOME
- NATIONAL ASPHALT WITH LEASE INCOME
- · POTENTIAL FUEL STATION / TRUCK STOP / EATERY & REFRESHMENT COMPLEX ON N4
110Ha Commercial farm located in Karino,12km from Nelspruit on the N4 towards Mozambique / Maputu at the Karino Interchange (Major Road upgrade project by SANRAL) which project is progressing. This highway is one of the busiest routes in South Africa.
This multifaceted farm is ideally located and straddles the N4 Golden Highway at the new Karino Interchange.
There are various sustainable income streams for farm, including Macadamia and Citrus farming, national Blue Chip tenants on the property. The commercial/retail portion of the farm directly on the N4, which potential has increased exponentially due to the redevelopment of the Karino interchange, as it now falls between the new northern and southern carriages of the N4 highway.
The arable portion of the farm is cultivated with 30Ha of established Macadamia and Citrus trees, with a dehusking plant, and has ample water.
Water is obtained from the Crocodile River via a canal system & boreholes, for irrigation purposes. 53,4Ha registered water rights from the Crocodile River. Water is pumped from the river to a holding dam higher up from where it can be reticulated to the orchards.
5 x 3 Phase Eskom Transformers.
SANRAL are building a service road underneath the new N4 carriageways connecting the northern portion of the farm to the rest of the farm.
Extensive infrastructure of buildings which are functional and operational and are discussed further in this document.
INCOME STREAMS
Leases:
AEL
Store
Lethukuphila Funarals
National Asphalt
Oil Depot
Karino Kennels
Flat next to Kennels
House No 4 KIA ORA 139JU
Factory Building
Nett Income from leases is approximately R1million per annum, with the potential for an upside if the houses the family currently occupies are rented out, and the redevelopment of the commercial site on the N4 Interchagne.
Royalties:
Lafrage Stone & Sand
Nett Income approximately R3mil per annum
Farming:
30Ha Macadamia & Citrus
Harvest yields a gross income of approximately R6million per annum, with a nett profit of approximately R100 000.00 per hectare.
Approved Sub-Divisions
The applcations for the sub-division of the commercial site (on N4) and the mine/quarry, have been apprioved by council. Promalgation of the sub-division can be concluded by the purchaser, wherebby the purchaser will have the the option to dispose of these properties.
