The owner of the property, being the Remaining Extent of Portion X of the Farm Strydfontein, Gauteng Province, measuring: 17.1306 hectares.
The property is unencumbered.
The property received rezoning approval in November 2024 as a cemetery with 18 000 (eighteen thousand) grave sites.
Rezoning as a cemetery was approved in 2012, but the former owner did not comply with the conditions imposed by the Local Authority for rezoning and the rezoning lapsed and a new application was made.
REQUIREMENTS
The capital requirements required for implementing the rezoning conditions and to become operational and to commence with the cemetery business is estimated at R6,500 000-00 (Six Million Five Hundred Thousand Rand), which can be summarized as follows:
Bulk services
contributions to the City of Tshwane (water, sewer, roads and stormwater) R700 000-00
Fencing R1,500 000-00
Roads, parking, surface and curbing R2,500 000-00
Storeroom, chapel, toilets, guardhouse and caretaker rooms R1,500 000-00
Miscellaneous (equipment) R300 000-00
Total R6,500 000-00
If funding requirements are met, then all conditions and operational requirements can be achieved in a period of 4 - 6 months.
INVESTMENT PROPOSAL
OPTIION 1
Sale of the entire shareholding at R25,000 000-00 (Twenty Five Million Rand).
OPTION 2
Sell lots of grave sites in lots of 100 (one hundred) at R8 000-00 (Eight Thousand Rand) per site. Therefore, 800 (eight hundred) sites to be sold at this reduced price in order to reach the capital requirements. 8 lots at R800 000-00 per lot = R6,400 000-00.
OPTION 3
Sell 30% of shareholding to one or more investors at R10,000 000-00 (Ten Million Rand).
The capital requirements will be met against loan account. Any additional operational requirement costs will be funded according to shareholding (30/70) and profit share according to shareholding.
BUSINESS MODEL
Private cemetery based on Calgro model (Nasrec).
20% of sale price on first 2 000 graves will be deposited to the Maintenance Fund and thereafter 10% of the sale price.
Initial sales price at R10 000-00 for a standard site (headstone only).
Full Memorial standard site (full tombstone): R15 000-00.
Options for family sites: 4 x 80 000-00 / 6 x 100 000-00.
Additional fees are charged for unveiling of tombstones/chapel use / 2nd interments.
All prices exclude VAT and VAT is still applicable on the sale price.
Please call me now to book your private viewing of this burial land for sale.
ANWER PROPERTY MANAGEMENT COMPANY (PTY LTD trading as RE/MAX Capital operates in terms of a franchise agreement with RE/MAX of Southern Africa.
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