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.
9.6Ha Distribution / Production / Packaging facility located on the Brondal Road, 10KM from White River. Centrally located in terms of distributing to the lowveld / Limpopo (Hoedspruit). Near the end-user / wholesale / supermarkets and distribution points.
This is an active facility currently in use.
Heidel Eggs started in 1985 by the Wilkens Family.
Rates & Taxes R4532.82 p/m
WAREHOUSE FACILITY
State of the art warehouse / cold storage / packaging / distribution facility. The complete infrastructure of the warehouse is in peak condition, with renovations done in July 2006.
2650m2 (Warehouse and Offices)
Loading docks for trucks to pick up the eggs.
CHICKENS / CHICKEN PENS
Space for 280 000 laying hens per day at total capacity.
28 Chicken pens total.
The eggs are being produced, classified, packaged and distributed on site.
OFFICES
Offices linked to the warehouse with a boardroom, directors office, and elevated observers’ offices. Control rooms in the warehouse.
RETAIL / WHOLESALE
Selling live chickens and eggs on site to the public (including basic groceries).
This is a full retail outlet that can be rented at R7500 per month.
RESIDENTIAL
Currently these houses are used by the staff, can also be an ideal rental income!
|
HOUSE 1 (±R12K – R15K p/m) · 4 Bedrooms · 2 Bathrooms · Large Kitchen · Lounge · TV Room · Braai Room · Dining Room · Small Study · 3 x Staff Rooms + Separate Bathroom · Outside Storeroom · Swimming Pool · 4 Garages |
HOUSE 2 (±R5K p/m) · 3 Bedrooms · 2 Bathrooms · Kitchen · Dining Area · Lounge · Braai Room · Covered Carport |
HOUSE 3 (±R5K p/m) · 3 Bedrooms · 2 Bathrooms · Lounge · Open Plan Kitchen / Dining Area · Large Braai Area (enclosed) · Small Workshop · Covered Parking for 4 Cars |
|
HOUSE 4 Staff Accommodation · Kitchen · 7 Rooms · 2 Bathrooms |
BLOCK OF FLATS / BACHELORS (±R2500 p/m) · 3 Adjoining Duplex Flats · 1 Bedroom / 1 Bathroom · Open Plan Kitchenette / Living Room · Undercover Parking for 3 Cars |
|
2.8Ha Property situated on a quiet country road amongst agricultural small holdings. This property is located 1KM outside White River, 15KM from Nelspruit and about 8KM from the Kruger Mpumalanga International Airport.
MULTI-TENANT RENTAL INCOME OPPORTUNITY (FULLY LET)
Ideal to accommodate students / contractors / frail care centre / old age home / school and long-term tenants. Stable monthly income. Ample space on this property to develop additional units to increase rental income.
These units are currently being rented by agricultural final year students. With the university nearby and all the opportunities on neighboring farms and towns this is the perfect location for long-term students.
INCOME-BREAKDOWN
|
units |
rENT P/M |
|
Visarend |
R7 700.00 |
|
Loerie |
R5 700.00 |
|
Houtkapper |
R7 700.00 |
|
Groenvlekduifie |
R5 700.00 |
|
Witboskraai |
R7 700.00 |
|
Namakwaduifie |
R5 700.00 |
|
Bospatrys |
R7 700.00 |
|
Tarentaal |
R9 000.00 |
|
Students |
R16 864.00 |
|
Self-Catering Units |
R41 400.00 |
|
Total Income |
R115 164.00 |
|
GROSS annual income |
± R1,4Mil |
MAIN HOUSE
- 12 En-suite rooms (1 Caretaker/Owner, 4 Rooms, 7 Self-Catering Units)
- 2 x Kitchens
- Pantry
- Laundry
- Office
7 SELF-CATERING UNITS
|
Blue, Green and Yellow Diamond 1 x 3 Bedroom En-Suite Unit - Study / Dining / Kitchen / Lounge - Stoep - Own Braai Area 1 x 2 Bedroom En-Suite Unit - Study / Dining / Kitchen / Lounge - Stoep - Own Braai Area Small 1 Bed House - Bedroom - Bathroom - Kitchen - Living Room
|
2 x 1 Bedroom En-Suite Units - Study / Dining / Kitchen / Lounge - Stoep - Own Braai Area 2 x 1 Bedroom En-Suite Units - Study / Dining / Kitchen / Lounge - Stoep - Own Braai Area
|
CONFERENCE ROOM (25 – 50 pax)
- 2 x Toilets
- 4 x Basins
- 2 x Showers
The conference room can accommodate 25 – 50 people on bunk beds.
|
8 HOUSES ON PROPERTY: VISAREND: - 3 Bedrooms - 2 Bathrooms - Sitting / Dining Area - Stoep with Braai Area
LOERIE: - 2 Bedrooms - 1 Bathrooms - Stoep with Braai Area
HOUTKAPPER: - 3 Bedrooms - 2 Bathrooms - Kitchen / Living / Dining Area - Stoep with Braai Area - Cellar under house GROENVLEKDUIFIE: - 2 Bedrooms - 2 Bathrooms - Kitchen / Living / Dining Area |
WITBOSKRAAI: - 3 Bedrooms - 2 Bathrooms - Kitchen / Living / Dining Area - 2 x Stoeps with Braai Area
NAMAKWADUIFIE: - 2 Bedrooms - 1 Bathrooms - Kitchen / Living / Dining Area
BOSPATRYS: - 3 Bedrooms - 2 Bathrooms - Kitchen / Living / Dining Area - Small Lapa with braai area
TARENTAAL: - 5 Bedrooms - 2 Bathrooms - Kitchen / Living / Dining Area - Small Lapa with braai area - 1 Storeroom |
|
Property Improvements: · 2 x Boreholes · Deck · Gazibo · Lapa · Ample Parking Space · Alarm (inside and outside) · Airconditioning · Swimming Pool · Garden |
· 2 x 10 000 liter water tanks (for the houses and Guesthouse) · 1 x 5000 liter water tanks (Diamon Rooms) · Each house has 2 shaded parkings · A few litchi, avo and other fruit trees · Fenced · Swimming pool and jacuzzies (inside and outside)
|
