select few investors (max 13) will be able to acquire shares in the
property holding company which will entitle them to build a home on
Size and location of these “building plots” and “mini
farms” vary from
1ha to 5ha each.
investment ranges from R450 000 to R1 000 000.
Investors enjoy traversing rights over both farms on foot, bicycle or
NB- no quads. The Lodge operator offers horse-and-cart rides and horse trails designed so as not to impact on the privacy of the
The property encompasses a
total area of 736ha made up of two farms.
Farm A is 443ha in extent comprising 70% rolling grassland
and 30% bushveld, mountain slopes and cliffs. (About 2.5km of the
southern slopes and cliffs of the Magaliesberg Mountain Range are on
northern side of the farm.)
and internal farm roads there are 3 houses and six guest
cottages belonging to founder
shareholders on this farm at present. The farm has been game
fenced with 24/7 security gate access and security patrols and game
has been purchased for the enjoyment of all shareholders.
Farm B is 293ha in
extent comprising ± 120ha veldt grazing
camps, ± 140ha cultivated grasses and ± 25ha of orchards with trees
of various fruit cultivars in which area is a large packing shed
warehouse. The area around the existing residential buildings of
about 8ha has a mix of buildings including 6 houses/cottages, sheds,
garages and a large hothouse. Internal roads are good, Escom power is
available at several locations around the farm and there are 5
concrete reservoir dams and 6 boreholes with high yields.
Shareholders have loan
accounts within the holding company to secure the value of any
permanent structures/improvements (e.g. houses) that they erect on
ever be able to sell their own shares and loan account and thus the
property as a whole could never be sold and the project dissolved.
chosen and permitted architectural styles are “Old Transvaal”,
“Pilgrims Rest”, “Log Homes” or “Plastered walls and Thatch” (sample
style drawings will be given to all investors). Each plot owner is permitted to build a home of max 200m² ground coverage plus, where appropriate, a
max 80m² 1st floor area contained within the roof eaves plus a pool of max 6mx4m with a lapa of max
30m². Landscaping of gardens is limited to indigenous gardens and a
maximum 1000m² of lawns around the house. Fencing of plots is generally discouraged excepting for a reasonable area for dogs or
is no time limit
within which construction must commence, but once started,
construction must be completed within 8 months.
founding shareholders are developing, in phases, the following commercial ventures on farm A.
A max 24-cabin ranch style (self catering) bush
lodge with pool and lapa at the middle east section of the property. (Phase 1
of 6 cabins, pool and lapa complete.)
A max 8 unit (cabin or permanent safari tent) bush camp within the
lower east section of the property with pool and
Cattle and game ranching. (Ongoing since
This means that apart from 1-3 there will be
no other commercial activities on farm A.
These activities will, on the other hand,
enhance the value for all shareholders:
A few examples:
levies are payable by shareholders as security,
fencing, roads and livestock will be maintained at the
commercial operations’ expense.
clubhouses and common area facilities such as pools are open to
shareholders for their enjoyment and utilization.
(at a preferential rate) is available at the equestrian centre.
Also rides and cart rides at preferential rates.
In short, shareholders get discounts, that are not available to tourists, all
round on all commercial activities.
Ranch Management Company will (if requested and at an agreed fee)
maintain the exterior and/or interior of their homes plus provide a
cleaning service and grocery stocking service to shareholders.
e. All general staff for the above commercial activities will be
accommodated on the lower Farm B or will live off the property and
will pass through security in and out.
On Farm B there will be:
maximum of 24 self
catering cottages and a restaurant/conference facility. (Phase 1
of 5 cottages plus pool in the general area of the existing
infrastructure on the eastern side of the farm has been
b. An equestrian
centre comprising stables, paddocks and arenas and a small
office plus a manager’s house. ( Already completed as part
of Phase 1)
Livestock and Crop Farming activities. (Ongoing since 2006)
Star Properties 5 (Pty) Ltd (Owns property but does not
Min 51% of
shares held by Commercial Shareholder + loan account for
e.g. Estate infrastructure,
shares held by New Investors + loan
account for fixed improvements to plots
Any trading entities
such as the tourist lodge operations, farming operations, or the management
company will be separately registered companies or individuals who
would have no claim to the land other than by way of a concession to
use the land or improvements (e.g. leases).
of Purchase Price
Deposit is 10% of share purchase price paid into a trust account at
• Balance which will be
due in full and payable only upon issue of share certificate.
of Shares and Loan Account
permitted at any time with the only proviso being that the
founding shareholders shall first be offered an opportunity to re-purchase said
shares and loan account.
There are no land
claims registered on either of the two farms as per certificate to
hand dated 03/2006.
a Google Earth View
Own a piece of un-spoilt Africa just
60 minutes from Sandton and Pretoria.
Hans Arp on +27 (0)76 971 6171 for more info, or to arrange a private
visit to the property.