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12 Bed Room Lodge at the Victoria Falls, Zimbabwe

12 Bed Room Lodge at the Victoria Falls, Zimbabwe
ID: PROP-353 2,640 m2

$1,600,000

Size of the Lot:
2,640 m2
Size of Construction:
450 m2
Year of Construction:
1999

Location:

This Lodge is located in the low density area of Victoria Falls, Zimbabwe, just 2.5 kilometers from the Falls on a 2,640 m2 sized lot.

The two neighbor properties adjoining the lodge directly are also for sale now. Each lot is developed and has about the size of the lodge. On these lots family homes are already built. The asking price for the complete package (the lodge plus the 2 lots) is US$ 2,100,000 (negotiable!)

Important for investors: If you do not want to run the lodge by yourself, the current owner would engage a professional management team for the operational business.
There is also a hotelier who owns and runs already two hotels in the area and who is interested in leasing the lodge for 10 years from the new owner (conditions on demand).

 

The Lodge:

The Lodge offers superior ‘comfort’ star accredited bed and breakfast accommodation and provides a peaceful, tranquil and private environment where guests can relax in fine style.

The Lodge comprises of 12 en-suite guest units and spacious lounge and terrace; sub-tropical garden, swimming pool, thatched gazebo with guest reception area and bar, open plan dining room for breakfast and dinners. The ambience of individually fitted out rooms shows a combination of European comfort and African flair. All the guest rooms are en suite and equipped with teak furniture, safe, ceiling fans, netted windows.

 

Clientele:

The lodge opened in July 1999 and has since then established a good reputation as lodge accommodation in Victoria Falls by providing a cost effective alternative to 3 & 4 Star hotels and lodges with a personalized service.

The lodge is a trusted B&B and booked by travel agents and their ground operators in Southern Africa, Europe (mainly Germany, France, Switzerland, Austria & Netherlands) and Australia/New Zealand. Arrivals from the UK market are increasing since the end of 2009. Clients from the USA, Canada and South America are mainly via direct bookings.

As of 2017 the lodge has about 350 suppliers of various sizes as an agent base on file which is included in the sale.

The lodge has four main income sources received mainly in US Dollars:

  • Accommodation on a bed and breakfast basis

  • Transfers

  • Sale of adventure activities on a commission basis (such as: cruises on the Zambezi River, helicopter flights over the Victoria Falls, elephant rides, white water rafting, photo safaris, canoeing, lion walks…)

  • Drinks and meals

 elephants

General Features:

  • 2 gates, one is automatic

  • Balcony rooms 11 and 12

  • Bar

  • Office fully equipped

  • Built-In Cupboards

  • Curtains

  • 2 Dining Rooms

  • Entrance Hall

  • Family/TV Room

  • Furnished

  • 2 Kitchens

  • Landscaped Garden

  • Laundry with 2 washing machine and ironing room

  • Staff shower and WC

  • 5 Storerooms

  • Swimming Pool

  • Terrace

  • Thatched Lapa

Other Features:

  • Fibre optic internet connection

  • 3 phase Electricity main supply

  • 13 Kwh LP Gas Generator Made in USA

  • 2 x 5000 liters water tanks with water pumps

  • Satellite Dish

  • 5 solar panels providing hot water

  • Property is fully wall fenced

  • Parking lots: Garages: 2, Off Street: 8

 

 

 

 

 

 

victoria_falls

Opportunities – Key Factors:

  • Being a UNESCO World Heritage Site, Victoria Falls is a key market and hub for tourist arrivals and one of the major attractions on the African continent; the lodge is only 2.5 kilometers away from the Falls.

  • Situated in low density area where no land is available – adds future value to property.

  • Long established turn operator base of about 350 agents and website included in sale.

  • New Victoria Falls airport opened in 2016, new airlines will increase tourist arrivals and demand for accommodation.

  • Space available for 4 extra rooms, look out bar and restaurant.

  • Expansion ideas available from owner and training offered on hand over of business.

  • Growth potential allows opening of travel agency Insight Africa Tours to offer round the country trips.

 

Opportunities – Expansion Possibilities:

Add 4 rooms & restaurant & look out bar with view of Zambezi River (pictures are 3D-renderings from architect):

expansion

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