27Ha Farm For Sale in East London Rural

R 5,995,000

Can I afford this?
10 months ago246 views
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General Details
For Sale By:Agency
Description
Investment opportunity and more.

Well positioned 26.6 hectar farm is situated in a well-established farming area on the N6 just past Thornpark, with a further 4.5km of dirt road.
The farm consists of 5 homes, a separate building housing 4 stables and a feed room, staff ablutions and storage and as well as 3 rooms used as office space.
Separate from the 5 homes, is a 1 000sqm steel structure presently used as a large scale Engineering business with its own entrance, the Engineering business been leased out for 5 years, with an option to renew. Bringing in a substantial rental income. The Engineering business is completely self-sufficient, fully fenced with its own entrance.

Main House: Spacious home consisting of 3 bedrooms, 2 bathrooms and a walk-in dressing room. The kitchen is spacious with modern finishes and a pantry, a lounge and dining room. The garage houses 6 vehicles, with plenty of space for storage or workshop space. To one side, with access from inside the home, is a bedsitter or can be used as office space. The bonus is an indoor swimming pool off the the lounge and an inverter and alarm.

House 2: Consists of 2 bedrooms and 1 bathroom with open plan dining room, kitchen and lounge. Attached to the home is 100sqm structure used for garage space, workshop or storage with 2 toilets and a separate office or storage area with it own access, if needed, and alarm.

House 3: Consists of 2 spacious bedrooms, 1 bathroom with a separate kitchen, dining room and lounge, and alarm.

House 4: Consists of 1 bedroom, 1 bathroom (en-suite) and an open plan kitchen, dining room and lounge, and alarm.

House 5: Consists of 1 bedroom, 1 bathroom and an open-plan dining room, kitchen and lounge. This home has a front verandah and an enclosed garden, and alarm.

The property has 24 x 5 000lt, 1 x 500lt and 1 x 2 200lt water tanks as well as 1 large dam. Electricity is 3-phase and there are 36 CCTV cameras situated at strategic positions around the dwellings.
An enclosed electrified area divided into two spaces measuring approximately 4 189sqm and 4 862sqm, previously used as a monkey rehabilitation facility, as well as an enclosed area with built-in planters for a prospective vegetable garden.
Portion of the farm borders the Nahoon River. The farm is presently used for lifestyle with a sizable income generated from the Engineering business.
The grounds are well-maintained and all the buildings are in excellent condition.

Has Pool
Property Reference #: ELO-RS00698

Agent Details:
Belinda Lindhorst
Century21
84 Vincent Road Vincent East London 5247

Id Subtitle 1223924922
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Estimated monthly repaymentR 64,969
Total property loan amountR 5,995,000
Total interestR 9,597,378
Total repaymentR 15,592,378
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Century21
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