DEVELOPEMENT PROPERTY WITH PASSIVE INCOME!!

R 10,500,000

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2 years ago461 views
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For Sale By:Agency
Description
LOCATION, LOCATION.
?? Exquisite Property for Sale: Centrally Located Oasis ??

Welcome to an extraordinary opportunity to own a magnificent property nestled on a sprawling 1,2547-hectare estate, boasting an enviable location and an array of incredible features. This stunning property offers the perfect blend of luxurious living, captivating landscapes, and a multitude of investment possibilities. Don't miss your chance to seize this remarkable gem!

At the heart of this enchanting estate, you'll discover a remarkable 700-square meter farmhouse that exudes elegance and charm. The farmhouse is complemented by stables, an arena, and 13 picturesque cottages, providing a captivating living experience and generating a steady rental income of R 45,000.00 per month. It's an exceptional opportunity to enjoy the serenity of country living while reaping the financial rewards.
Lush Gardens and Sparkling Pool
Surrounded by an expansive and established garden, this property offers a paradise-like setting for nature enthusiasts and relaxation seekers alike. Immerse yourself in the breathtaking beauty of the large, landscaped garden or take a refreshing dip in the sparkling pool, creating cherished memories for you, your family, and your friends. The tranquility and beauty of the outdoors await you!
Secure and Accessible
Your privacy and security are paramount, as this property is securely walled with an access-controlled gate, providing peace of mind and ensuring a safe haven for your loved ones. Additionally, the cottages have a separate entrance, allowing for convenient access and an added layer of privacy.
Unwind and Entertain
Picture yourself enjoying lazy afternoons on the expansive veranda, featuring a built-in braai (barbecue) area, perfect for hosting unforgettable gatherings and savoring precious moments with friends and family. The large stoep further enhances the inviting atmosphere, offering an ideal space for relaxation and enjoyment. Create lifelong memories as you embrace the essence of outdoor living at its finest.
Abundant Water Supply
This remarkable property benefits from Shere water for household use, ensuring a reliable and plentiful supply. In addition, a borehole with an impressive output of 5000 liters per hour caters specifically to the needs of the beautiful, established garden, enhancing its vibrancy and lushness.
Investment and Development Potential
The future potential of this property is limitless, as it is currently zoned for 25 units per hectare. Moreover, an application is underway to increase the zoning density to a remarkable 80 units per hectare, presenting an exceptional investment opportunity. Whether you choose to capitalize on the existing rental income or embark on a visionary development project, this property offers an exciting prospect for growth and prosperity.

Sale Details
Please note that the sale of this extraordinary property is subject to the payment of VAT unless purchased within a VAT entity. Our d...

Has Pool
Property Reference #: RL98006

Agent Details:
Joop Coetzee
RealNet Properties
Block 12, Ground Floor
Boardwalk Office Park
Eros Street
Faerie Glen

Id Subtitle 937942345
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Estimated monthly repaymentR 113,790
Total property loan amountR 10,500,000
Total interestR 16,809,418
Total repaymentR 27,309,418
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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