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Commercially Zoned Seaside Property For Sale

ELYSIUM, KwaZulu - Natal, South Africa
Asking Price:
R17,500,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R3M - R8M
Cash Flow:
R100K - R500K

This 6-acre property, on the beach in a very quiet part of the KZN mid-south coast is the perfect opportunity for somebody who wants a little more than just hard work. It is a great opportunity with many options available to lifestyle seekers. The new owners can either continue with the existing business or change direction into a retirement-type setup, drug rehab center, or meditational retreat. The resort is situated in the coastal dune forest, right on the beach, approximately 50 minutes south of Durban. The wedding venue infrastructure is fully developed and situated in pristine gardens on the Elysium Point overlooking the Indian Ocean. The infrastructure has been developed to overcome adverse weather conditions, should they arise, and is in compliance with all Municipal by-laws, including all licenses required to run a commercial activity from this tourist-designated area.

The buildings comprise 5 self-catering cabins sleeping 5 people per cabin, and 7 BnB rooms, each sleeping two people, with a small kitchenette attached to all units. The wedding reception area can seat 200 people.

The Kitchen area, adjacent to the reception, is run by a dedicated wedding chef, who is available to the new owners. The bar and pool/entertainment area is roughly 200m2 and closely situated to the reception. There are 2 communal ablutions which include showers and baths. A boardwalk wedding chapel in the coastal dune vegetation, approximately 50 m from the water's edge, is our star attraction. This is backed up by an additional indoor chapel. The property has also been awarded Caravan Park status, awaiting registration. The residential dwelling on the property is a 300 m2 open-plan holiday home, constructed to amplify coastal living.

The venue has a golf putting green and another green for chipping.

All machinery required to maintain the property is included, including two vehicles and a 3-ton trailer.

Weddings and functions have been booked in advance and these will be transferred to the prospective buyer, with consideration to brides that have booked. Although the primary activity is weddings, several regular conferences and yoga retreats are also undertaken but the commercial rights on the property are an attractive angle.

Generally, the venue has roughly 30 weddings booked in advance.

This property is family-run with a truly unique relationship with our staff who all live in close proximity. Apart from marketing, admin, and service supervision, the functional employee component is fully transferable.

The business would suit a work-from-home application in which the partner could run the venue. Fibre is installed and reliable.

Scottburgh Primary and High School is a 20-minute drive north of our venue.

Scottburgh has a Hospital and Veterinary service with all the regular fast-food franchises.

Elysium is a very private and secluded friendly little Village with 7 km of Beautiful beachfront. The venue is situated on the Elysium point.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Real Property Included

Living Accommodation:

Open plan coastal living house with several large entertainment and living room areas. 3 Bedrooms main bathroom en-suite, large kitchen and Office/store room area. Laundry.

Location:

Elysium, Situated on the mid-south coast prime seaside property, right on the beach, in a designated tourist node, 50 min south of Durban and 20 min North of Port Shepstone.

Premises Details:

6 Acres in the coastal Dune Forest, 5 log cabins 45 m2 each (sleeping 5 with lounge/bed/kitchen and a further 7 BnB Rooms including bathroom and small Kitchen.. Residential House 320 M2. Industrial Kitchen with everything required to run a wedding for at least 200 people. Wedding Reception area 220 m2. Bar and recreational area 100 m2. Covered Chapel 100 m2 and Terrace Chapel 150 m2. Ablutions with showers and Baths 60m2. Top Ablution for wedding function 25m2. Parking and Stone-covered roads, solar geysers, and some gas cooking. Generator backup for all function activities. Water Backup for 7 days..

Size in square feet:
24 000 m2
Planning Consent:

All approved. Re-zone and consolidation application to Holiday resort approved but not registered.

Business Operation

Expansion Potential:

Midweek school/religious functions. Golf tours, yoga/meditation destination. Conversion to retirement or medicinal retreat. Conference potential.

Competition / Market:

Another resort in close proximity but not on the beach.

Reasons for selling:

Owners want to relocate to NZ to join their children. The goal date is mid 2024 but is negotiable based on the person interested in buying the business.

Trading hours:

Supplier trading hours are 07h00 - 16h30 Monday - Friday Our Guests arrival is between 14h00 and 18h00 Booking out by 10h00. Wedding functions shut off is 23h00

Employees:
8 Permanent, excl Chef and Barman who work from function to function
Years established:
Established 2007

Other Information

Support & training:

The business is a shining example of skills development. The owners administer the business and manage the ground staff. Wedding day functions are overseen by the owners but key personnel (all local people from a previously disadvantaged background) are disciplined and focus on their individual areas of delivery and accountability.

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R50,000 - included in the asking price
Website:
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Home based:
This business can be run from home.