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R 3,750,000

1998 Farms Property for Sale

Limpopo - Hoedspruit
Updated: 174d ago
1998
Used

SALE OF SHARE IN GAME LODGE IN TULI BLOCK BOTSWANA Looking for an experience of a lifetime, be part of the magnificent Botswana Tuli Block. The share can be subdivided into a maximum of 4 owners. Property Description Shashe farm is a 2570 hectare private game farm situated in the Northern Tuli Game Reserve. The farm has the Tuli Circle as its northern boundary and Shashe River as its eastern boundary. There are also other rivers and springs on the farm that hold water year-round. No hunting is allowed; hence this opportunity will not be of interest to anyone looking for a hunting lodge. Camp Description Megwe camp was built in 1998 and opened its doors for occupation in 1999. The lodge is nestled into a dry river bed and is surrounded by large trees, creating a cool environment for the camp during the hot summer months. Megwe Camp consists of: A central facility that includes a modern and fully equipped kitchen, outside dining area, fire place, small library, inside lounge and outside lounging areas, storage area and storage lockers for shareholders. Four chalets each consisting of an en-suite bedroom, equalling a total of 8 beds. Garage, parking and workshop facilities. Staff quarters. Ownership Shashe farm is owned by a Botswana registered company, Shashe River Enterprises (Pty) Ltd. Shashe River Enterprises is in turn fully owned by a South African registered company, Lagonda Investments (Pty) Ltd. There are two camps on Shashe farm, Shashe camp which has 7 shareholders and Megwe camp which has 6 shareholders. The operation of Lagonda is regulated by a Shareholders Agreement. When purchasing a share in either camp a Lagonda share certificate is issued to the owner. The Megwe and Shashe camp are physically 5 kM apart and operated totally independently of each other. Security / Risk on the land The land is unencumbered and thus there is no risk in investing. The share will be transferred into your name or holding institution, company or trust at the time of payment. The land is not to be used as any sort of surety and no bonds will be registered over the land. Therefore there is no risk in the investment and once you have paid, you will have a tradable asset should you wish to on-sell at any time. Funding The lodge and farm operations are funded by shareholders monthly levies

Id: 6690087
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