Internationally renowned, self sustaining lodge - priced at assessment value.
The advertised price excludes movable assets, which can be purchased separately for an additional R 2 000 000. The purchase price is based on a professional valuation by a reputable independent assessor. This exceptional opportunity offers an AA quality assured lodge with bookings secured more than 18 months in advance. Previously, the lodge and adjacent residential property were advertised together. However, the seller is now divesting solely of the lodge due to the age of the owners and for medical reasons. This decision however has no impact on the operations or performance of the lodge. The asking price is fair and justified.
A hospitality industry publication aptly describes the lodge: "The attention to detail and hands on management style of this family owned property ensure that Komati River Chalets is the ideal destination for the adventurous traveler."
The lodge's prime location fronts the Nkomati River, near the confluence of the Nkomati and Crocodile Rivers, in the border town of Komatipoort. Over two hectares of undeveloped land offer significant expansion potential. Since its establishment in 1999, the lodge has become a Komatipoort landmark. The purchaser has the flexibility to continue operating the lodge or explore alternative options, such as converting all or part of it into a share block, timeshare, fractional ownership, lifestyle estate, or sectional title development.
Komatipoort is a designated growth point in Mpumalanga, with approved and advanced development proposals including the Special Economic Zone, the upmarket Shawu game farm estate development, Human Settlement social housing, and Human Settlement Smart City developments. The population is expected to grow from the current 4,500 to 35,000 within two decades, making this an attractive investment destination. A well planned lodge like this is perfectly positioned to capitalize on these dynamics.
The lodge is entirely self contained, with direct Eskom electricity supply, a backup generator capable of powering the entire lodge, and water from a borehole. The owner recently installed a substantial solar backup system, ensuring a complete and cost effective energy solution. The lodge has always been self sufficient, and the addition of solar power further enhances its sustainability.
The lodge comprises of 14 chalets, six two bedroom cottages, a restaurant, a bar, and pool facilities. Each room features air conditioning, a flat screen television, and a digital safe. Bathrooms are en suite, and rooms have private braai facilities. The cottages are all two bedroom units.
Despite its proximity to the N4, the lodge offers a tranquil and serene setting, surrounded by the town, river, and bushveld. Its location is ideal for attracting maximum bookings from South Africa, Mozambique, and Swaziland, making it popular with Kruger National Park visitors. The history of Komatipoort is evident in the surrounding area, with the 1875 railway bridge (national heritage) and the 1952 Mkhonto low water bridge (national heritage) flanking the lodge.
The property is well managed, and a handover can be accomplished smoothly without compromising goodwill. All rooms have recently undergone upgrades, and the thatch is being combed.
Financial information is available upon signing a non-disclosure agreement and demonstrating financial capability to purchase.
The owners also own the adjacent land with their private residence, which can be acquired separately at a fair price. Details are available upon request.
Viewings are strictly by appointment through the agency.