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Listing ID: 2291040

Property With Cemetry Rights For Sale

Vanderbijlpark, Gauteng, South Africa

R 17,000,000


(Real Estate Included)

Revenue: R 10,000,000

Cash Flow: R 9,500,000

Business Description

A massive income producing industry, the cemetery business has typically been held by the various councils, that is of course until the council started running out of land for this purpose, and since then, various private businesses have been getting involved and reaping huge returns therefrom.
This 20 Hectares private cemetery currently has space for 35000 sites divided into 20 000 sites for general graves, 15 000 sites for graves in elite section and ample space for Wall of Remembrance, Rose Garden etc. (cremations) – (The ratio works at 1800 plots/ hectare). The Municipality Road Department have calculated that this cemetery will be full in 6 years’ time at the going rate of burials in the Vaal Triangle currently, and therefore calculated our capital contribution amount for a period of 6 years to maintain the cemetery access roads.

Property Details

Size:

20ha

Property Type:

Real

Other Details

Business Location:

The Vaal Triangle currently has a big demand for new / upgraded cemeteries. With the shortage of land and funds available from the government, Vanderbijlpark (and surroundings) is already facing a big crisis, which makes this private cemetery the right business at the right time.

Premise Details:

This 20 Hectares private cemetery currently has space for 35000 sites divided into 20 000 sites for general graves, 15 000 sites for graves in elite section and ample space for Wall of Remembrance, Rose Garden etc. (cremations) – (The ratio works at 1800 plots/ hectare). The Municipality Road Department have calculated that this cemetery will be full in 6 years’ time at the going rate of burials in the Vaal Triangle currently, and therefore calculated our capital contribution amount for a period of 6 years to maintain the cemetery access roads. According to their calculation we will bury 70 000 people over a period of 10 years. The cemetery adjacent to us opened in 2010 and will be reaching full capacity by October 2016 which is an indication of how long it will take to fill the new Private Cemetery, as it is the same size. But at the same time we must mention that they also buried at Everton, Sebokeng , Orange Farm, Sharpville and Jacobsdal cemeteries as well which are now full.

Planning Consent:

All consents in place

Miscellaneous

Reason For Selling:

Owner is a developer and requires capital for the next development

Contact this seller

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