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Please consider the environment before printing this Property |
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Protected: Benfontein Nature Reserve, Northern Cape
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for sale
Private Tender
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Location
Summary
Why invest in Kimberley.
- Established Revenue Streams:
- Wildlife and Conservation Management: This reserve is teeming with wildlife. Annual sales of select animals ensure a sustainable balance while generating income.
- Research: Benfontein is a hub for ongoing research initiatives, positioning the nature reserve as an intellectual and ecological asset.
- Strategic Growth Potential:
Our analysis has identified two primary commercial avenues ripe for expansion:
- Luxury Wildlife Safaris: The reserves’ abundant wildlife presents a unique opportunity to create premium wildlife safari experiences, tailored for both local and international travelers seeking exclusive, immersive encounters with nature.
- Hospitality: Expand on the existing accommodations to create world-class game-viewing, wildlife, and safari experiences. Tailor offerings to local travelers, with differentiated marketing strategies that cater to diverse expectations.
- Investment Viability:
This opportunity goes beyond traditional land investment. With strategic enhancements, the reserve has the potential to be marketed as premium investment assets, attracting both local and international investors seeking high returns in the ecotourism and conservation sectors.
Situation
- Benfontein Nature Reserve is located 7km south of the Kimberley CBD along the N8 national highway, toward Bloemfontein. The close proximity to Kimberley makes this reserve highly accessible. The reserve spans 9 691 ha without any internal camps, making it a large and attractive wildlife destination. The game count on Benfontein at the start of January 2024 amounted to 3,813 across 9 species.
Registered Farm Portions:
- Portion 68 of the Remainder of farm Alexanders Fontein 123 – 620 ha
- Portion 14 of the Remainder of farm Benauwdheidfontein 124 – 22 ha
- Remainder of farm Mauritsfontein 126 – 1 134 ha
- Remainder of farm Mauritsfontein 26 – 2 032 ha
- Remainder of the farm Alexanderfontein 34 – 124 ha
- Remainder of farm Kareebosch 130 – 1 492 ha
- Remainder of farm Osfontein 121 – 1 706 ha
- Remainder of farm Benauwdheidsfontein 1718 – 2 560 ha
Description
- Very good accessibility due to its close proximity to Kimberley
- The prominent pan close to the northern edge of the reserve makes for a desirable feature that adds to the tourism potential of the property
- The reserve has 5 active boreholes that provide it with sufficient operational water
- The close proximity to Kimberley means the farm has potential for uses that rely on road and market access and logistics, etc. (these could include game breeding, livestock agriculture, feedlot, hospitality, events, etc.)
- Good sub-division potential to utilise the northern section for hospitality purposes and the southern and south-eastern section for agriculture and breeding
The Promoters
De Beers, a global leader in the diamond industry with a legacy dating back to 1888 in Southern Africa, is a multi-disciplinary company involved in a wide range of development projects. De Beers is one of the most influential players in shaping the global diamond market.
De Beers has appointed CBRE Excellerate as its exclusive agent and advisor for the sale of this premium asset. This sale presents a unique investment opportunity, and interested buyers are invited to participate in a Private Treaty process. Non-binding offers, in the form of a Letter of Intent (LOI), must be submitted by noon, Friday 22 November 2024.
VAT
The Seller is 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 sold by way of a Private Treaty process under an Exclusive Mandate with CBRE-X online.
Interested parties will have access to the Investment Memorandum and Non Disclosure Agreement (NDA) on registration on the CBRE-X online website.
Should you wish to access the full Due Diligence information in the ClicktoPurchase (CTP) data room, we will require you to sign the NDA, and provide information regarding the entity and individuals represented by that entity, that is expressing an interest in the property. This can be in the form of a link to your company website, your company profile or a brief resume for both the company and key individuals involved in the transaction.
On successful review of your registration, you will be granted access to the CTP data room. Besides all DD documentation, you will also have access to the sale agreement.
Should you wish to submit an offer on the property, you will be required to provide proof of funds or comfort from a financial institution that they would favourably consider an application from yourself for funding for the property in question. Interested parties are invited to submit their best conditional offer as soon as possible.
Only interested parties that have submitted an NDA and provided the aforementioned information, will be invited to view the property in the company of the Agent or a representative of the Seller.
FICA and KYC verification will be required in order to register.
In the instance where a binding offer acceptable to the Seller is presented, the Seller reserves the right to accept any offer but undertakes to instruct the Agent to inform all interested parties (those that have signed a NDA and accessed the DD information via CTP) that there is an offer under consideration at least 5 business days after receipt of that offer.
The agent will present all offers to the Sellers.
The agent will communicate acceptance of their offer to the winning party and inform all other parties that have not been successful.
Offers will be assessed on, amongst others, the following criteria:
- The price offered.
- Ability to perform and provision of comfort letter or proof of funds for the transaction in question.
- Conditionality of the offer and timeline to conclude the deal.
Disclaimer
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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
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CBRE Excellerate
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