Magaliesburg (Krugersdorp) Guest Farm with Retail shops and Accomodation For Sale!

R 3,850,000

Can I afford this?
1 month ago74 views
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General Details
For Sale By:Agency
Description
A 3 bedroom house with 1 full bath, kitchen, pantry, lounge, dining room and an office, there are 2 fireplaces in the house and the house has its own geyser and is connected to the main house alarm system via a panic button, electricity is via a pre-paid meter.

5×1 bedroom cottages with lounge, kitchen and bathroom, they all have their own geyser and pre-paid meters,

2 double storey flatlets with 3 bedrooms, full bath, kitchen and lounge, they also have their own geyser and pre-paid meter,

1 blockhouse with 2 bedrooms, 2 bathrooms, lounge and kitchen with its own geyser and pre-paid meter,

Included in the tenant's monthly rental is a utility fee as well as their contribution to security,

There are a lot of other buildings in the property namely:
Pump room - the pump was sold,
Generator room - generator has been sold,
Toolshed - to house the garden tools, lawn mowers, bush cutters, etc.

Jacuzzi lapa under thatch,
Double storey doll house,
A Rondavel,
State wall dam(the swimming pool)
Storeroom with 6 rooms inside with a bathroom,

The above generates income of around R53, 100 a month,

Electricity is 3 phase with single phase pre-paid meters in all tenant's occupied buildings and shops,

Water supplied via a strong borehole, to store the water there are 3 × 5000 lite water tanks,

In addition there are 2 canals with full pumping rights for irrigation,

The Magalies river flows through the property and the origin of the Maloney's eye is located in the property,

Located in the burgeoning tourism belt bordering the picturesque town of Magaliesburg and in close proximity to the iconic Mount Grace Hotel and the Hartley Museum at the " out of Africa" venue, this this well known Country Guest house and business complex lends itself to a Multitude of uses:-
Guest house,
Conference Centre,
Wedding venue,
Business Park,
Tourism,
Mecca with flea market and Curios,
Potential Polo fields with Clubhouse,
Church,
College or private school,
Historical venue similar to Pilgrim's Rest in Mpumalanga.

Property Reference #: 1467

Agent Details:
Bryan Mustang
Bryan Mustang Properties
19 Buffalo ave, Theresa Park, Pretoria North, Pretoria, Gauteng, South Africa

Id Subtitle 1270427339
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Estimated monthly repaymentR 41,723
Total property loan amountR 3,850,000
Total interestR 6,163,454
Total repaymentR 10,013,454
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