Property for Sale in Magaliesburg Central with Potential for multiple uses

R 4,500,000

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General Details
For Sale By:Agency
Description
This beautiful well established and fully furnished property can be used as a Guest House, Conference facilities, Church, Medical facilities, Creche, School or Bed and breakfast.
Estate Development consisting of:
MAIN HOUSE
Two bedroom Double storey. Open plan Lounge Dining and kitchen area.
Upstairs 2 Bedrooms - main bedroom has an
en suite bathroom
SECLUDED APARTMENTS
5 x 1 Bedroom apartments, 1 x 2 Bedroom apartment, Conference room & Staff house
1) Lavender one bedroom apartment, with open plan lounge/ dining area and full kitchen, fitted with gas hob, electric oven, small bedroom and bathroom on suite with shower, toilet and basin
2) Rosemary one bedroom apartment, open plan lounge/ dining and kitchen, fitted with gas hob, no oven, but convection microwave. Small bathroom on suite with shower, basin and toilet.
3) Large one bedroom apartment with lounge/ dining and kitchen, with gas hob, large pantry.
All the above apartments share a court yard with a Barbeque entertainment area.
4) Single small gate apartment for security, strategically placed at the main gate, consisting of bedroom, kitchen with counter and bathroom..
All the above apartments have granite tops, gas hobs and either solar or gas or electric geysers.
CONFERENCE ROOM
Size- 10 x 7 metres
WATER - Borehole (Pump to be fitted) Currently on Municipal water.
Stream at bottom of property forms part of the property

Staff quarters, single apartment consists of bedroom, lounge, kitchen and bathroom.



4824 m2 plot with 400 m2 under roof
Conference room to be completed: 10m x 7m with 2 double doors and side door.
All doors and windows are teak with brass and windows are fitted 6.3 mm security bank glass.

Borehole: 75 meters drilled in 2020. Yield 500 litres per hour

The property is still on Municipality water and plan to become completely self-sufficient with regard to water and electricity

Rates And Taxes: 2000
Property Reference #: 749

Agent Details:
Nigel Williamson
SA Land
92 Indaba Lane,Rietfontein,Muldersdrift,1747
Roodepoort

Id Subtitle 1266349963
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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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SA Land
Selling for 7+ years
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