Date : 28-01-2020

Sehithwa, Lake Ngami

Commercial

Lake Ngami, Sehithwa, Tribal Lot 613

Bids commence at 600000

 

Agent

Property Location

Street Name :

Area : Sehithwa

City : Lake Ngami

Overview

A rare investment opportunity, in the form of this large property zoned for use as a lodge, situated in a prime position, in close proximity of Lake Ngami, renowned for its’ fishing and beautiful scenery. While the Ngami region already benefits from a high level of tourism activity, improvements and initiatives are likely to attract an increase in visitors to Lake Ngami in the future. The property provides the perfect balance of income-generating camping ventures and a weekend retreat, and the extent of this large property, offers ample space for future developments such as a lodge, in order to meet long-term demands. The property is located just ca. 100m from the main highway (A3) making it easily accessible.

Key Features

Possession Status : Owner

Status : Available

External Specifications

Building Type : Single Story

Plot size : 27700

No Of Parking Bays : 0

Internal Specifications

Floor : Tiled

Partitioned? : Yes

Toilets? : Yes

Kitchenettes? : Yes

Utilities and Levies

Services with Power and Water? : Yes

Billing : Utilities meters Separate

Tenure : Leasehold

Sale Format

Leasehold Title, for a period of 50 years from 4th April 2001 (Renewable for a further 50 year period). The sale format is a sale in execution, transfer of the Property into the name of the Purchaser. NB: For the consideration of citizens and majority citizen-owned companies only.

Description

The property comprises of a thatched bar, two chalets and an ablution block. The property is secured by a strand wire fence supported by gum poles and access is via a double leaf swing gate. The bar consists of an open plan entertainment area, a counter with fitted cupboards and a storeroom. The two chalets are similarly built and each comprises of a lounge and a bedroom with an ensuite bathroom. The ablution block comprises of male and female rest rooms each with two toilets and two showers.

Auction Details

Viewing Date : August 23, 2019

Auction Date : August 23, 2019

Auction Venue : The auction will take place at the Property

Getting there

Entering Sehithwa from Maun, take the right turn by the shell filling station. The property is located behind the filling station.

IMPORTANT NOTICE TO BIDDERS

Transfer will be undertaken by the Conveyancers appointed by SFB Auctions

  1. When doing your budget for the auction, please remember that you are required to add 7.5% exc. VAT (fees) on top of your final bid price.
  2. If you are the highest bidder, ON THE DAY OF AUCTION, you will be required to pay 12.5% as a deposit, that is 5% plus the 7.5% Fees mentioned in Point 1 above.
  3. 5% goes towards the Purchase Price. Therefore your BALANCE will be the bid price less the 5% deposit paid immediately post-auction, the balance is payable within 14 days of the auction date.
  4. Note that for your own security a Bank Guaranteed Cheque and NOT Cash is recommended.

 

NB: The above fees DO NOT affect your budget. All you need to remember is to calculate the fees onto your final bid price so that you do not exceed your budget. Each and every bidder is subject to these fees.

An example based on a final Bid Price of P1 million:

Deposit = P12.5% of P1,000,000; therefore the deposit is P134,000 (inc. VAT on fees);
Made up of P84,000 (inc. VAT) as fees and P50,000 towards the bid/ purchase price;
The balance payable is therefore P1,000,000 minus P50,000 = P950,000