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Prime 2.1-Hectare Farm in Meyerton – Incredible Value at R500,000!
R 500,000
Can I afford this?
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Description
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Estimated monthly repaymentR 5,419
Total property loan amountR 500,000
Total interestR 800,449
Total repaymentR 1,300,449
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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This 16.348-hectare farm presents an exceptional development opportunity, situated on flat, square-shaped land with approximately 450 meters of river frontage along the Klipriver. The neighboring 8-hectare property has already set a strong precedent, having been subdivided into 50 stands and achieving R250,000 per stand, totaling R12.5 million in returns. Utility infrastructure is in place, with power supplied through Midvaal Municipality, including a 200 kVA transformer and 300 amp 3-phase supply. Water, electricity, and sewerage services are confirmed available through the Development Planning & Housing Department. The property also holds water rights from the Klipriver, adding further value and flexibility. As an added bonus, 12 hectares are currently leased to a farmer at R25,000 per month, offering an immediate rental income stream of R300,000 per year—a fantastic way to begin recouping your investment while development progresses.Property Reference #: 1304830Agent Details:Magda Van VredenRawson Properties Vaal57, Loch Street, Meyerton, Meyerton Central, Gauteng
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Rawson Properties Vaal
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