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LUCRATIVE HOLDING NESTLED IN THE FERTILE LUSTHOF VALLEY WITH ESTABLISHED RENTAL INCOME

R 3,750,000

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General Details
For Sale By:Agency
Description
LUCRATIVE HOLDING NESTLED IN THE FERTILE LUSTHOF VALLEY WITH ESTABLISHED RENTAL INCOME

Escape to the countryside for a life of tranquillity, while farming and generating a passive income on this lovely 8.5 hectare holding. Current monthly rental income from accommodation is R30 000 with ample potential further development.

The level property is blessed with two strong boreholes, of which only one is currently in use, water storage tanks and a large dam. Ideal for cattle farming or for planting crops. There are established fruit trees, being seven pomegranates, two nut trees, seven oranges, one nartjie, seven guavas, two quinces, maroelas, seven lemons and peach trees.

Also established parrot cages and ponds for ducks and geese.

MAIN FEATURES:

Eskom electrical feed to property.

All dwellings, except the main house have pre-paid meters.

House 1 – Four bedrooms, open plan lounge and dining room, kitchen and bathroom with enclosed garden (currently divided into main house plus a one-bedroom granny flat with kitchen, lounge and bathroom), All dwellings, except the main house have pre-paid meters, House 2 – Two bedrooms, open plan lounge and dining room, kitchen, bathroom and stoep, House 3 – Two bedrooms, open plan lounge and dining room, kitchen and bathroom and carport, House 4 – One bedroom, open plan kitchen and lounge, bathroom and carport, House 5 – Two bedrooms, open plan lounge and kitchen, bathroom and carport, House 6 – One bedroom, open plan lounge and kitchen and bathroom, House 7 - One bedroom, open plan lounge and kitchen, bathroom and carport, House 8 – double story with one bedroom, lounge, kitchen, bathroom and carport, House 9 - Two bedrooms, open plan lounge and kitchen and bathroom, House 10 – Two and a half bedrooms, open plan kitchen and lounge, bathroom and carport, House 11 – Wooden house with one bedroom, lounge, kitchen and bathroom, House 12 – granny flat with one bedroom, lounge, kitchen and bathroom, Bush camp – 2 steel wendy houses, two wooden wendy houses, bathroom block with shower and toilet and kitchen, Wooden wendy house for farm assistant.

Contact agent for an appointment.

Property Reference #: 6897767

Agent Details:
Alett Nel
CLE Properties
12 Duffton Way
Aston Manor
Kempton Park

Id Subtitle 1313505969
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Estimated monthly repaymentR 40,640
Total property loan amountR 3,750,000
Total interestR 6,003,364
Total repaymentR 9,753,364
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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CLE Properties
Selling for 4+ years
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