EXCEPTIONAL INVESTMENT OPPORTUNITY:A VERSATILE OASIS WITH INCOME-GENERATING COTTAGES

R 6,500,000

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4 months ago99 views
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General Details
For Sale By:Agency
Description
MAIN RESIDENCE:
A charming double storey facebrick house welcomes you with 3bed rooms upstairs and 1 bedroom downstairs. A spacious kitchen, and open plan lounge. Warm up in front of a fire place during the chilling winter season or host gatherings or functions in the large thatch roof Lapa, creating an atmosphere of relaxation and entertainment.

Additional Structures:

Explore 14 garden cottages . Each with its own entrance, contributing to a rental earnings potential of approximately R70 000 per month.
A recently constructe shed , adaptable for use as a mini warehouse or storage facility.

Amenities and income Potential:
Benefit from a robust 3phase electricity supply and a prolific borehole producing thousands of litres per day.
The enclosed large yard presents versatile opportunities for other business ventures that could generate additional income.

Security and infrastructure:
Solid wall encompassing all boundaries ensure privacy and security.
Enjoy peace of mind with 24/7 excellent security, including cctv cameras, alarm systems and motion detection beams. The Property is equipped with an irrigation system for effortless maintenance.

Has Pool
Property Reference #: RL13973

Agent Details:
Diamond Ngwana
Choprop Sales and Letting
146 Willem Botha Street
Wierda Park
0157

Id Subtitle 1251406310
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
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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Choprop Sales and Letting
Selling for 3+ years
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