FOR SALE - LODGE IN EPUPA

Golden opportunity

Lodge for sale at the Kunene River

5 August 2023 of valuation

The income method is N$ 12,300,000

Insurance Value N$ 15,310,000

Registered in a CC

Size 3.8 Ha

Lease Hold until 2042 which can be renewed

You buy the business and buildings only!!!!

The Lodge is situated on a hill overlooking the mountains, the Kunene River, and the Epupa Falls.

Fencing: Only fenced off the one side of the Lodge.

Safety: It's a very safe area and there is also a police station and the police are very helpful.

Power: there is a Solar power system that has been upgraded in 2018

There is a brand new lithium battery and inverter system just been put in. As well as a borehole has been drilled for the lodge.

Lodge Consists of:

• 10 Spacious comfortable Chalets with en-suite shower and WC accommodating max 25 people
• Deck
• Pool
• Lapa/WC/kitchen
• Restaurant
• 1 Guide room
• 2 Campsites for up to 10 people
• 1 Managers room
• Staff Quarters

Having an Epupa Conservancy contract for an 18-year lease from 2024 to 2042 can be renewed. The deal with the conservancy is that they pay them as follows:

• 1-5 years 5% net turnover on

accommodation minus all expenses

• 6-10 years 8% net turnover on

accommodation minus all expenses

• 11-25 years 10% net turnover on

accommodation minus all expenses

They are now in the 8th year running.

The sale includes everything at the lodge including vehicles. (Trailer not included)