KnightFrank.com FOR SALE WELL ESTABLISHED TENTED CAMP Sentrim Tsavo, Tsavo East National Park
Summary
• An excellent tented camp facility situated within Tsavo East National Park approximately 11km from Voi Gate and 40 kilometers from the Buchuma Gate. The camp is approximately 345 kilometres from Nairobi and 170 kilometres from Mombasa. • The property is popularly known as the Sentrim Tsavo and it comprises of 26 luxury tents, a reception, swimming pool, lounge area, staff canteen, kitchen, a restaurant and a bar totalling circa 12,847 sq.ft of built- up area. • The tents are strategically located within Tsavo East National Park overlooking Voi River and each of the tents has a verandah and ensuite bedroom. • The site is held on long leasehold and measures approximately 21.28 acres (8.61 ha) and has a gentle gradient towards the Voi River. • Water supply is from a sunken well located within the property, power is generated via solar panels, supplemented by two 28KVA and 15 KVA backup generators whilst drainage is to pit latrines. • Sale by informal tender subject to bid terms and conditions to be confirmed. • Viewing strictly by appointment. KnightFrank.com
Location
Tsavo East National Park is one of the oldest and largest parks in Kenya at 12,000 square kilometres. The park’s area comprises roughly 40% of Kenya’s total area covered by the national parks making it one of the world’s largest biodiversity strongholds. Its popularity is mostly due to the vast amounts of diverse wildlife that can be seen, including the famous ‘big five’ consisting of lion, rhino, Cape buffalo, elephant and leopard. The park is also home to a great variety of bird life. Other features include the Yatta Plateau and Lugard Falls. The park can be accessed by three main gates, from Voi through the Manyani gate, from Mombasa through the Bachuma gate or from Malindi through the Sala gate. There are also several airstrips in the park that allow chartered light planes.
Situation
Sentrim Tsavo is situated within Tsavo East National Park approximately 345 kilometres from Nairobi, 11 kilometres from Voi gate and 40 kilometres from the Buchuma gate. It takes approximately 2 hours by road to Sentrim Tsavo from Mombasa.
The camp’s strategic location and amenities provided, offers it a great advantage to benefit from the tourism related activities of Tsavo East National Park. KnightFrank.com KnightFrank.com
Description
Sentrim Tsavo is situated within Tsavo East National Park approximately 11 kilometres from Voi gate and 40 kilometres from the Buchuma gate. The lodge has a capacity of 26 fully furnished ensuite luxury tents set in rows overlooking Voi River. It also comprises of a reception, lounge area, swimming pool, staff canteen, kitchen, a restaurant and bar all totalling circa 12,847 sq.ft of built-up area. Each of the tents has a verandah and ensuite bathroom. In addition, there are staff quarter comprising 12 tents and drivers’ quarters comprising of 2 tents.
Water supply is from a sunken well located within the property. The water is pumped to treatment plant having 3 plastic tanks each of 8,000 litres and another plastic tank of 6000 litres. After final treatment, the water is then pumped to the rooms. Power to the property is generated from two 28KVA and 15 KVA backup generators supplemented by solar panels which are used for lighting and heating water whilst drainage is to pit latrines. Other amenities in the lodge include 24 hour electric fence, gift shop / curio shop, swimming pool, jacuzzi and beauty spa.
The tented camp and other buildings are developed near the river leaving the rest of the land undeveloped allowing for possible future expansion if an investor chose to redevelop and undertake a more substantial lodge/ camp.
Investment Summary
The key investment characteristics that highlight the capital value of Sentrim Tsavo Lodge are:
• Excellent location within Tsavo East National Park. The lodge’s strategic location offers it great advantage from the tourism activities of the Tsavo East National Park.
• Good occupancy levels - in the last 1 year the tented camp has enjoyed high occupancy rates at certain months of upto 88%.
• Robust income stream, with an average revenue totalling Ksh 40,274,390 per annum over the last 5 years and an average gross profit per annum of Ksh 25,611,912.
The following additional information is available on request:-
• Audited Accounts for the last 3 years • Management Accounts for the last 5 years • Knight Frank Valuation Report • Current Lease Agreement KnightFrank.com KnightFrank.com
Tenure
Approximately 21.28 acre leasehold property on Land Reference Number 27743 Tsavo East National Park. The property is held on Lease Agreement dated 15th February 2008 issued under the Registration of Titles Act Cap 281 between Kenya Wildlife Service and Tarhi Luxury Eco Camps Limited for a term of 20 years with effect from 1st February 2008 subject to a monthly revisable rent of USD 31,618/- payable quarterly. Further to the lease above, there is a transfer of lease dated 2009 between Tarhi Luxury Eco Camps Limited and Sentrim Kenya Limited with the consent of Kenya Wildlife Service and at the expiration of the term the lease shall be renewed for a further term as agreed by the parties.
Guide price: We have been instructed to seek offers in the region of Kshs 126 Million (One Hundred and Twenty Six Million Kenya Shillings) exclusive of VAT and subject to contract for the long leasehold interest which will be assigned to the purchaser.
For more information, access to the online data room and viewing arrangements please contact the following;
Contacts
Anthony Havelock [email protected] +254 [20] 423 9000 / +254 727 099 364
Judith Muange [email protected] +254 [20] 423 9000 / +254 732 400 440
Kelvin Otieno [email protected] +254 [20] 423 9000 / +254 731 296 271
Important Notice
1. Particulars: These particulars are not an offer or contract, nor part of one. You should not rely on statements by Knight Frank Kenya Limited in the particulars or by word of mouth or in writing (“information”) as being factually accurate about the property, its condition or its value. Neither Knight Frank Kenya Limited nor any joint agent has any authority to make any representations about the property, and accordingly any information given is entirely without responsibility on the part of the agents, seller(s) or lesson(s).
2. Photos etc: The photographs show only certain parts of the property as they appeared at the time they were taken. Areas, measurements and distances given are approximate only.
3. Regulations etc: Any reference to alterations to, or use of, any part of the property does not mean that any necessary planning, building regulations or other consent has been obtained. A buyer or lessee must find out by inspection or in other ways that these matters have been properly dealt with and that all information is correct.
4. Neither Knight Frank Kenya Limited nor the vendor of the property accepts responsibility fo any error these particulars may contain however caused. Any intending purchaser must therefore satisfy himself by inspection or otherwise as to the correctness.
5. VAT: All terms quoted are exclusive of VAT.
6. Terms and conditions for the informal tender apply.
7. September 2018