Property description

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.