Friday 1 December 2023 @ 14h00 – 407 HA Game Farm with Breeding camps and Grazing

NO RESERVE AUCTION!

On Auction: Friday 1 December 2023 @ 14h00

Ingilozi Park, Bela-Bela, Limpopo

407 HA Game Farm with Breeding camps and Grazing

SITES

Comprising a large game farm which currently offers a unique experience of exotic game cattle & buffalo breeding, game viewing and hunting safari’s. The game farm is fenced off and gated into various camps, with 2.4m game fencing, which is in good condition.

The game farm is separated into 2 major sections, the eastern and western sides. The eastern side is fenced into 8 separate breeding camps which offers either natural pans or equipped borehole water access. These 8 camps range in size between 20 Hectares and 31 Hectares each. There is a large viewing boma in the centre of these camps which allows for visitors to view the game from 4 raised thatched hides/ viewing decks, which can also be used for game management in the boma area. These hides can be converted into wooden chalets to generate further income.

The western side offers a game reserve area and is fenced off with 2.4m game fencing.   The western side currently comprises a large attractive thatched entrance, as well as what is known as the Bush Barbeque and Ingilozi Park, which offers a play area, covered restaurant and bar area with ablutions. This is however excluded from the purchase. The western side is a game reserve area and is used for game drives and hunting.

The western side also offers portion 45 of the Farm Rietspruit 527-KQ which is a Real Right development. There are 18 Real Right stands available and 2 buildings have been sectionalized into sections 1 and 2 respectively. The buildings have been damaged by a veld fire in September 2019.

FIXED IMPROVEMENTS

Grass thatched main entrance and exit – 152m² (Offers security office and ablutions)

Lightning conductors x 2 (At main entrance)

Farm store – 250m² (Close to staff compound)

Picnic areas x 2 – tables and benches (Constructed from brick and mortar)

Farm store – 87m² (Close to R516 or southern boundary of Farm Rietspruit)

GRAZING PASTURES

The grazing pastures are well maintained. Approximately 280 Ha of the 407 Ha has been deforested, to improve quality of grazing for the game. The cost of deforestation to the current owner was R2,500/Ha.

Comprising: Tropical bush and Savannah type vegetation and trees.

There was a fire that originated on Mabalingwe and a large portion of the grazing has been burnt, but the fences and infrastructure were not harmed.

REAL RIGHT/ SECTIONAL TITLE DEVELOPMENT

(SS Ingilozi Scheme No. 913/2007)

There is currently a real right development over Portion 45 of The Farm Rietspruit 527-KQ which currently offers 18 Real Right stands. This component offers partially deforested veld.

There are 2 buildings which have been sectionalized, namely section 1 and section 2. Besides these 2 sections there are an additional 4 buildings. All six of these buildings are currently in a state of disrepair, as they all been damaged by a veld fire. Only the floor slabs, foundations and natural stone wall features are usable, due to fire and heat damage

The Bush Barbeque Restaurant and Bar, is a business run by the owner and comprises:

• Covered dining area
• 2 x containers which are used as a kitchen and bar
• Industrial fridge
• Jungle gym area
• Ablutions
• Carport area
• Swimming Pool
• Trampolines
• 6 x Containers at main entrance
• Covered shed/store area
• Covered braai and spit area
• Events venue with stage

Please note: The Owner invested a large capital amount in The Bush BBQ Restaurant and Bar. The Bush BBQ is a business on its own, and all of its fixed and loose improvements relating to the developed area, are assumed to be excluded from the auction. However the highest bidder for Ingilosi will have the opportunity to purchase the Bush BBQ improvements at a price detailing the cost of capital invested. Alternatively, these fixed and loose assets remain the property of the Seller and will continue as an operating restaurant. 

Selling price R4,2m to the highest Auction bidder or as discussed between Seller and Purchaser.

LEASE AGREEMENT

Portion 38 of the Farm Rietspruit 527-KQ

The current owner has 9-years 11-months lease with owner of Portion 38 of the Farm Rietspruit 527-KQ measuring 17,5309 HA. The lease commenced on 1 December 2016 and ends or terminates on 31 October 2026. The property offers a 4 Bedroom dwelling with various ancillary buildings and 3 x chalets. The owner is currently residing in the 4 Bedroom dwelling and makes use of the 3 x chalets as rentable income to eco tourists and hunters’ accommodation.

Portion 38 has its own electricity supply and the current owner (owner of property to be auctioned) supplies water to Portion 38.

Current Rental                                R7 224.99 (Excl VAT)

Escalation                                       CPI inked (±7%)

The highest bidder will have the option to continue with the lease or to renew for 9-years 11-months

BROCHURE