SELLING PRICE: N$27,3 MILLION.
VALUATION PRICE: N$32,8 MILLION!!
For twenty-seven years, this property has been a beacon of hospitality, earning the trust and loyalty of travelers from near and far. Renowned for its exceptional service and strong customer relationships, this well-established and beautiful estate stands as a testament to successful operation and enduring appeal.
Strategically located near the tranquil Kavango River, the property offers a serene environment, providing an idyllic escape from the hustle and bustle of town life.
This iconic property boasts a diverse range of accommodations, including 41 rooms, 7 houses, and 12 campsites. It is well-equipped to host large gatherings with its conference facilities that comprises of 4 halls. For leisure and entertainment, guests can enjoy two bars, swimming pools, and a restaurant featuring a well-equipped kitchen.
Additional amenities enhance the property's appeal, such as a volleyball court, residences for staff and owners, bachelor flats, a laundry room, reception area, multiple storage rooms, ablution blocks, a warehouse, and storage for garden equipment.
Utilities are robust, with gas geysers and a reliable borehole water supply. The sale includes two vehicles, ensuring operational convenience. Security is prioritized with eight installed cameras, a dedicated security office, and a two-way entrance gate.
Embracing green energy solutions, the property features 85,000 W solar panels, a 100KVA three-phase inverter, and 305KWH Lithium blue batteries, valued at over N$ 3 million and installed in mid-2022. Additionally, a 60KVA generator provides backup power. Environmental features include three fish ponds that add to the property's charm.
Financially, the property demonstrates strong performance.
The current owners are offering this thriving business for sale as part of a strategic decision to downscale their operations. While it has been a rewarding venture, they believe it is the right time to pass this legacy of success to new owners.
Looking forward, the property holds significant potential for future development. The current owners qualify for a casino license, which could substantially boost revenue upon approval. Additionally, plans are underway to develop 58 Townhouse units under the Ngandu Estate banner for a long-term rental income stream.
This vision expands Ngandu into a multi-income property, combining accommodation, leisure, conferences and residential leasing for a long-term sustainability.
This is a unique opportunity to own a property with a proven track record of success and vast potential for future growth.
