OUTRIGHT SALE OF RESORT & COFFEE ESTATE IN COORG
COORG - INTRODUCTION Coorg (or Kodagu) is the south-western district of Karnataka state in the south of India, in the western Ghats.
It is described as the ‘Scotland of India’ and ‘India’s best kept secret’, the natural habitat and wildlife are the main attractions. The stunning hill country is part of the bio diversity sphere of the Western Ghats. Natural habitat, coffee & spice plantations, low population density, undulating streets and breathtaking views are what make Coorg an unforgettable holiday destination. Major Tourist attractions are Talakaveri, Abbey falls Nisargadhama,Iruppa falls,Dubare,Nagara hole, Bhagamandala. It has three wildlife sanctuaries and one national park– Bhramagiri, Talakaveri and Pushpagiri Wildlife Sanctuary, and Nagarahole national park. 2
RESORT LOCATION It is a theme based resort surrounded by reserve forest located on the main Coorg Kerala highway about 7 kms form Virajpet.
The estate is full of tall trees, two lakes, hiking trails all around.
The estate spans nearly 80 acres of rolling hills planted with Robust Coffee, pepper and variety of other plants.
It is home to about scores of different varities of birds, several deer and other animals.
It is one hour drive from the most splendid sight seeing sports of CoorgNagarhole and Wynad reserve sancturies.
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ACCOMODATION AT RESORT The resort offers most spacious & furnished suites & villas. 8 Cottages – is part of a two suite plantation style villa built in Kerala style with spectacular view of coffee estate. It is 1000 sq ft in size with king-size bed, a spacious entertainment room with comfortable sitting and luxury bath. Bungalow – It is expansive 5000 sq ft of plantation bungalow built in traditional south Indian style. It has 4 large bedrooms, 3 bathrooms, dining and living areas, open veranda, large private garden and library.
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FACILITIES AT RESORT Reception area- 4000 sq ft built in traditional Kerala style. Restaurant – It has multi cuisine .restaurant with capacity of 30 guest and a separate bar area. Board room – accommodates 20 people. Conference room – accommodates 20 people. Banquet Hall – accommodates 100 people. Outdoor meeting space. Club house of 4000 sq ft with space for Library, TV rooms, Indoor & Outdoor games, Entertainment events- Kalaripayattu ( famous art of sword fighting), local Coorg dance and bonfires. Staff Quarters, Staff kitchen, Store rooms. Generator, Transformer & Water treatment equipment are in place.
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ACTIVITIES AT RESORT
OUTDOOR SPORTS
BOATING
INDOOR SPORTS
TRECKING
BONFIRE 6
ESTATE INFORMATION •
There is 72.3 acres of documented land mostly in the form of coffee plantation.
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The two lakes on the estate suffice for irrigation of the plantation.
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The estate produces 1300-1500 bags of coffee every year resulting in the revenue of 25-30 lakhs every year.
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The estate also produces Pepper and Avocado which collectively produce 3 -5 lakhs a year during their season.
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Estate has adequate plantation workers a manager to oversee their work properly,
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OTHER INFORMATION The resort is located close to Mysore airport and upcoming Kannur International Airport. It is 1.5 hours away from Kannur beach. The resort has tied up with Virajpet Golf course which is about 15 mins from resort. It is ideally situated fro an Ayurvedic or other spa hence elevating its position as Golf and spa resort. All permits related to bar licensing is in place. Conversion of resort area is done. Approvals for additional 50 rooms has been obtained from Karnataka Udyog Mitrathe apex body for a single window clearance. 8
CURRENT STATUS •
The resort has been operating at a boutique scale since September 2011 and without any advertising and marketing tie-ups.
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It has 3 main streams-outstation guests with advanced bookings, walk-in guests and corporates conducting their offsite events.
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The cottages generates Rs.6000/night in off season and Rs. 8000/night in peak season.
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The bungalow generates Rs.15,000 /night in off season and Rs.22,000 / night in peak season
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Corporate such as Infosys, Google, Wipro, Honeywell etc. have conducted offsite events.
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TRANSACTION DETAILS
THE SALE OF 72.3 ACRES OF COFFEE ESTATE AND A RESORT LOCATED ON A FAST GROWING TOURIST DESTINATION IN COORG
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CONTACT DETAILS Abhijeet Umathe Senior Manager – Hospitality & Leisure Knight Frank (I) Pvt. Ltd Paville House, Off Veer Savarkar Marg Near Twin Towers Prabhadevi Mumbai 400 025 Direct: 91-22-67450217 Mobile: 91-9930292923 Fax: 91-22-67450202 Email:
[email protected]
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DISCLAIMER The statements, information and opinions expressed or provided in this Information Memorandum and
Any other subsequent information provided is intended only as a guide to some of the important considerations that relate to the subject property for transaction / investment. They are intended to give an overall description of the property and transaction / investment and are not intended to constitute as an offer or contract. Neither Knight Frank India Pvt. Ltd not the mentioned developer gives any warranties as to the contents hereof nor shall the same be deemed to be representation by either of them and nor accept any contractual, tortuous or any other form of liability for any consequence, loss or damage which may arise as a result of a person acting upon or using the statements, information or opinions in the document. This document is confidential to the addressee and is not to be subject of communication or reproduction wholly or in part.” Whilst the information provided herein has been prepared in good faith, the prospective purchasers shall be responsible to make their own enquiries, conduct their own due diligence and satisfy themselves on all aspects of the property including the title of the subject property, before making any decision in regard to the proposal. The execution or participation by virtue of this document shall not be construed to be an agreement between the mentioned developer and any prospective investors. None of the investors shall rely upon the accuracy of the representation, warranties, covenants, statements and information provided in the Information Memorandum and the Investor shall conduct their own due diligence regarding the title of the mentioned developer to the subject property. 12
THANK YOU!
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