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Disposal – Letsatsi Lodge, Private Game Lodge

Smithfield, Free State, South Africa, 9966
for sale Clicktopurshase Icon Private Tender

Location

Smithfield is a historic town located in the Xhariep District of the Free State province, South Africa. Established in 1848, it is the third-oldest town in the province. Situated approximately 132 kilometers southeast of Bloemfontein, Smithfield lies along the N6 national route, providing strategic connectivity between Bloemfontein and East London. This positioning makes it a pivotal junction for transportation and logistics within the region.

Smithfield is accessible via the N6 highway, facilitating north-south travel between Bloemfontein and East London. Additionally, the R701 route connects Smithfield to neighbouring towns such as Bethulie and Wepener, enhancing regional mobility.

The town’s economy is predominantly driven by agriculture, with a focus on wool production and cattle farming with a gradual diversification with the emergence of tourism and artisanal enterprises, contributing to the local economy.

Smithfield presents promising opportunities for investment, particularly in the sectors of agriculture, tourism, and small-scale manufacturing. The town’s strategic location, combined with its cultural assets and natural beauty, positions it as an attractive prospect for sustainable economic development initiatives.​

Summary

Established Revenue Streams:

  • Accommodation: The lodge provides various lodging options, including luxury thatched chalets and secluded bush camp tents, catering to different guest preferences.
  • Outdoor Activities: Guests can engage in activities such as game drives, hiking, mountain biking, paintball, and visiting the petting zoo.
  • Events and Functions: The lodge hosts weddings, conferences, and team-building events, offering tailored packages and facilities to accommodate various group sizes and requirements.
  • Hunting Safaris: Through Letsatsi Hunting Safaris, the lodge offers trophy and biltong hunting experiences, attracting both local and international hunters.
  • Dining Services: An on-site restaurant and bar provide meals and beverages, enhancing the guest experience and generating additional revenue.

Strategic Growth Potential:

  • Local and Regional Tourism: The Free State is becoming a popular destination for both domestic and international tourists seeking nature-based experiences
  • Eco-Tourism and Conservation: Letsatsi Game Lodge leverages its proximity to regional attractions and partners with local tourism boards to increase visibility and attract more visitors.
  • Sustainability and Green Initiatives: Investing in solar energy or other sustainable energy sources can reduce operational costs in the long run while aligning with the global trend towards sustainability.

Investment Viability:
This opportunity is a unique investment opportunity in a luxury game lodge, located in a pristine, wildlife-rich environment. With the global tourism sector continuing to embrace eco-tourism and conservation-focused experiences, this lodge presents a profitable and sustainable investment, combining luxury, conservation, and nature tourism.

 

Situation

Letsatsi Game Lodge, located near Smithfield in the Free State province of South Africa, is a well-regarded private game lodge offering a variety of accommodations and amenities.

Situated outside Smithfield, approximately 165 km from Bloemfontein and 90 km from Gariep Dam, nestled in the grasslands of the Free State.

Description

Letsatsi Game Lodge is a serene retreat nestled in the heart of the Free State, offering guests a blend of natural beauty and comfortable accommodations.

The lodge holds a 4-star grading with options that have been designed to cater to different group sizes and preferences. Thoughtfully integrated into the natural surroundings, providing guests with a comfortable and immersive bushveld experience.

Accommodation:

  • 12 x Double Chalets:
    Each chalet features a king-size bed, an en-suite bathroom with a corner bath, and a small adjacent room equipped with a single bed suitable for a child.
  • 5 x Four-Sleeper Chalets:
    Each chalet comprises two spacious double rooms, each with its own en-suite bathroom. Additionally, there is a small kitchenette and a lounge area.
  • 5 x Six-Sleeper Chalets:
    Each chalet includes three comfortable double rooms, each with its own en-suite bathroom, a small kitchenette, and a lounge area, making it ideal for family getaways.
  • 21 x Bush Camp Tents:
    Each tent is furnished with twin beds, wardrobes, electricity, and electric blankets. The tents are covered with thatched roofs and are connected via stone and wooden walkways.
  • Total guest capacity – 128 guests.

Facilities:

  • A restaurant and bar serving à la carte and Full English/Irish breakfasts
  • Year-round outdoor swimming pool
  • Conference facilities accommodating up to 50 delegates
  • Wedding venue with a capacity of up to 170 guests
  • Free Wi-Fi in designated areas
  • Children’s playground

 Activities:

  • Game drives
  • Hiking trails
  • Mountain biking
  • Hunting facilities
  • Paintball
  • Petting zoo

Tenancy

Letsatsi Lodge is offered for sale on a vacant possession basis, providing the incoming purchaser with full control and operational flexibility from the date of transfer. The lodge is currently owner-operated, with the existing owner actively involved in day-to-day management. This ensures that all operational systems, staffing structures, and guest services are well-established and maintained to high standards. The sale presents an opportunity for a seamless handover or repositioning under a new hospitality brand or operator, depending on the investor’s strategy.

Forecasted Monthly Rates & Taxes

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Title Deed Information

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Zoning Information

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Rentable Areas

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Tenancy

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NOI

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VAT

The Seller has been registered for VAT (Value Added Tax). It is intended that the sale will be treated as a transfer of a going concern, provided that the purchaser is registered for VAT and the requirements for going concern are met in terms of the VAT Act, No. 89 of 1991.

Sales Process

This property is being offered for sale through a Private Treaty process under a Sole Marketing Mandate with CBRE-X online.

Interested parties can register on the CBRE-X online platform to access the Non-Disclosure Agreement (NDA).

To obtain full access to the Due Diligence information in the  data room, an executed NDA is required, along with details about the entity and key individuals expressing interest in the property. This information may be provided through a link to your company website, a company profile, or brief resumes for the company and key individuals involved.

To submit an offer on the property, proof of funds or a comfort letter from a financial institution, indicating a favorable consideration for financing, must be provided. Interested parties are encouraged to submit their best offer as soon as possible.

Only parties that have submitted an NDA and the required information will be invited to view the property in the presence of the Agent or a representative of the Seller.

The Seller reserves the right to accept any offer but will instruct the Agent to notify all interested parties (who have signed an NDA and accessed the Due Diligence information) if an offer is under consideration.

The Agent will present all offers to the Seller and communicate acceptance to the successful bidder, while informing other parties of the outcome.

Offers will be evaluated based on the following criteria:
The price offered.
Demonstrated ability to perform, including proof of funds or a comfort letter.
The conditions attached to the offer and the timeline for concluding the transaction.

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The website provides information about properties but does not guarantee its accuracy. Users access the site at their own risk and should seek professional advice before making any decisions based on the information provided. Property descriptions are general and do not constitute an offer or contract. All details are believed to be correct but should be verified by users. The company and its employees do not make any representations or warranties regarding the properties. Prices quoted are exclusive of taxes. The information on the website may contain errors, omissions, or may change without notice. Users should conduct their own investigations before making any investment decisions. The information provided should not be considered financial or investment advice. Any information given by the company or the vendor is for illustration purposes only and does not constitute a representation, condition, or warranty. Users are responsible for conducting their own due diligence to verify the accuracy of the information provided.

Contacts

CBRE Excellerate
CBRE Excellerate
+27 (0) 11 911 8000
Fabio Nava
+27 (0) 82 585 2498
Fabio.Nava@cbreexcellerate.com
See website for full details : https://www.cbre-x.online

Disclaimer

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