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Caravan Park on Ifafa Beach For Sale

A unique opportunity to acquire a well-established caravan park including a bottle store, licensed restaurant, bar, suprette and butchery located right on Ifafa Beach, KwaZuluNatal that has been in operation for many years. The property and operating businesses located thereon form part of a Deceased Estate.

The zoning permits the development of 33 chalets and the subdivision of the combined land into plots of a minimum size of 3 600 sqm. The property could be purchased for the continued use as a caravan park or redeveloped for a variety of uses including recreational, residential or retirement.

The caravan park is situated on two Erf's with a total of 9 465 sqm and there is a lease agreement with the Department of Public Works for the use of a further 1 953 sqm. There are a total of 37 camp sites and a two bedroom cottage. The ablution facilities serving the camp site comprise family bathrooms and individual showers and toilets. A 120 seater restaurant and bar overlooks the beach and swimming pool. The bottle store and convenience retail offering are located at the main entrance of the park and serve the surrounding community as well as patrons of the camp site.

A comprehensive Due Diligence Information Pack about the property is available from Samantha. The sales methodology is a closed tender. The rationale for this is to invite all interested parties to submit a confidential, irrevocable and unconditional signed Deed of Sale by close of business 31 January 2019 to the Executors for due consideration. All signed and duly submitted Deeds of Sale will be considered and the successful party will be notified in writing within 5 business days of the close of tender.

Features

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Title:
Freehold
Zoning:
Mixed Use
Interior
Power 3 Phase
Yes
Power Amps
240
Exterior
Security
No
Sizes
Floor Size
9,465m²
Land Size
9,465m²
 
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Disclaimer: While every effort will be made to ensure that the information contained within the Deal Core website is accurate and up to date, Deal Core makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

13,353,900.17

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