Small Holding With Rental Income

R 4,500,000

Can I afford this?
1 month ago126 views
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General Details
Location:
For Sale By:Agency
Description
This property is situated +-13kms from Kokstad Town just off the Kargs Post turn off. There are 3 houses on the property with a rental income of +- R40 000.00 per month. Main House: 3 Bedrooms, 2 Bathrooms, Lounge, Dining Room, Open plan Kitchen and Bar. Walkin closet, 1 store room, 1 garage and 1 carport to fit 4 cars. House 2: 3 Bedrooms, 1 Bathroom, Open Plan Lounge, Kitchen and Dining Room. Covered Veranda and 1 Carport. House 3: 1 Bedroom, Open Plan Lounge and Kitchen, Veranda and 1 Carport. Plus, 4 self catering B&B style cottages. (3 Being - 2 sleepers & 1 - 4 sleeper) 2 x vegetable tunnels with irrigation system. Drinking water is supplied by a Borehole. The property also river rights.(conditions apply)

Property Reference #: RL27

Agent Details:
Carey Kok
Maxprop Holdings (Pty) Ltd
123 Hope Street
Kokstad
4700

Id Subtitle 1267427405
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Estimated monthly repaymentR 48,767
Total property loan amountR 4,500,000
Total interestR 7,204,037
Total repaymentR 11,704,037
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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Maxprop Holdings (Pty) Ltd
Selling for 2+ years
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