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Farm for sale in Glen Austin AH, Midrand
R 6,899,000
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General Details
Location:
For Sale By:Agency
Description
A must sell investment property: this property is more suitable for a guest house, lodge, can be changed to a self catering Bed and Breakfast lodge. It is also ideal for school, rehabilitation center, etc. The property already has consent use for Guest house. The property size is 8,565 sqm. This property has large pool and communal deck or clubhouse with change rooms. Incredible gardens, a very strong borehole with pressure pump, fully electric fenced, 3.2m boundary wall with electric sliding gates on the road side,120sqm workshop with two 6m containers. There is also a 12m storage container, kiddies jungle gym and slide, double garage used as laundry, servants room, 18 covered carports, fire incinerator and garden sprinkler system.
It also has the total of 9 self catering units (20 rooms, 18 bathrooms). These self catering rooms are made up of 7 x two bedroom, 2 bathroom, and 2 x three bedroom, 2 bathroom units. All units are spacious and have prepaid electricity meters. 6 Units have solar geysers. All units are currently rented out on a long term basis and are generating R72,000 per month income. The property is on a strategic location, close to Carstenhof Hospital, Mall of Africa and N1. We also do home loans finance in-house. Let us help you create a property portfolio investment.
Rates And Taxes: 3550
Property Reference #: 112178727
Agent Details:
William Masebe
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
It also has the total of 9 self catering units (20 rooms, 18 bathrooms). These self catering rooms are made up of 7 x two bedroom, 2 bathroom, and 2 x three bedroom, 2 bathroom units. All units are spacious and have prepaid electricity meters. 6 Units have solar geysers. All units are currently rented out on a long term basis and are generating R72,000 per month income. The property is on a strategic location, close to Carstenhof Hospital, Mall of Africa and N1. We also do home loans finance in-house. Let us help you create a property portfolio investment.
Rates And Taxes: 3550
Property Reference #: 112178727
Agent Details:
William Masebe
eXp Realty - Steven Johnstone Group
1 Apple Street
Kenilworth
Cape Town
7708
Id Subtitle 1261958947
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Estimated monthly repaymentR 74,765
Total property loan amountR 6,899,000
Total interestR 11,044,589
Total repaymentR 17,943,589
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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eXp Realty - Steven Johnstone Group
Selling for 2+ years
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