Tap into Krugersdorp's Thriving Tourism Industry

Tap into Krugersdorp's Thriving Tourism Industry

Category Property News

For those who enjoy nature, few experiences measure up to the sense of serenity you feel when living surrounded by scenic views of rolling mountains and diverse wildlife as far as the eye can see. Game farms have become the popular property options for individuals who enjoy the outdoors, game breeding and buyers who wish to transform these farms into popular tourist destinations – catering to the local and international market.     

If you are in the market for game farm living, why not explore your options in the city of Krugersdorp - just the place to find farmlands to convert into idyllic lodges and game farms. Situated in West Rand, in close proximity to Johannesburg and Pretoria – falling under the Mogale City Municipality – Krugersdorp is, in essence, a mining town, and is regarded as the flourishing industrial hub of western Gauteng.

Spectacular Beauty

This city has certainly modernised itself, boasting state of the art sporting facilities (including a stadium), various retailers, shopping malls, and innovative business centres. Although the mining industry undoubtedly plays an integral part in the economy of this city – what really draws to Krugersdorp is its spectacular array of wildlife natural attractions and heritage. A myriad of meandering rivers, peaceful countryside, the immense Magaliesburg mountain range and all the conveniences and amenities of a city – makes this a tourists dream. 

Surrounding the bustling city are several popular tourist attractions. The Cradle of Humankind Sterkfontein Caves is a mere 20 minutes away (drawing anywhere between 1 000 to 3 000 visitors daily), two spectacular game and nature reserves, Walter Sisulu National Botanical Gardens and Silverstar Casino makes Krugersdorp the perfect investment destination to target the tourism industry. 

Multi-Billion Rand Tourism

South Africa’s tourism is booming, with 2.4 million foreign tourists arriving on the shores of South Africa in 2016 alone, increasing 12.3% from 2015. Gauteng received ±1 0100 666 international visitors last year, more than 40% of the total tourist traffic in the country, who subsequently spent R8 338 000 in the province. 

The total amount of foreign direct expenditure in South Africa increased by 9.1% over the past two years, accumulating in a total of ±R17.4 billion, with no sign of slowing down in 2017. Among the millions of tourists flooding into the country, accommodation was one of their highest expenditures, with 570 000 tourists staying in game lodges and 675 000 in guest houses. 

On the Market

Lew Geffen Sotheby’s International Realty offers investors diverse properties in Krugersdorp, perfect for every buyer’s needs. Everything from residential to farms providing a spacious living, each with the infrastructure and potential to be converted into estates, resorts or game farms are available for the most discerning investor.

Currently on the market is a rare investment opportunity, 40 000m² of stunning farmland in Honingklip, Krugersdorp. The guided price for the sole mandate property is R12 million, with the rates and taxes at an approximate R1000 per month. This exquisite homestead is in pristine condition, with a designer home (featured in House & Garden) and setting perfect for a boutique hotel, wedding venue or guesthouse.

The property is minutes away from the Cradlestone Mall, Silverstar Casino as well as the new private hospital. This secure farm, bordering onto the Cradle of Humankind, UNESCO world heritage site, is a dream for those wanting to invest in the perfect getaway destination. 

Property in Krugersdorp’s is not only fuelled by retail developments and industrial projects - Trends indicate that a growing interest in game farm investments has stimulated the local market, which is great news for investors and home buyers alike.

Author: Lew Geffen Sotheby’s International Realty