Farm/Small Holding for Sale in the heart of Midrand

R 3,700,000

Can I afford this?
6 months ago192 views
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General Details
For Sale By:Agency
Description
This is an excellent investment for an investor with a vision.
This property is in the right location with easy access to Kyalami, NI, R55, and much more.

This property has so much potential.
It sits on 1.1 hectares, which provides ample space for various activities.
You can have a chicken farm, goat farm, or sheep farm on the premises. You can even turn it into an amusement park for children or a commune, etc.

There are 4 cottages available on the premises:

3 x one-bedroom cottages with lofts and their own bathrooms and kitchens
1 x three-bedroom cottage with a loft and its own bathroom and kitchen

There is also a main house that boasts 5 good-sized rooms, a huge kitchen, and 3 bathrooms.

These cottages and the house can generate an income of approximately R25,000 per month if fully tenanted.
Carports on the premises.

There is a tool shed on the premises and a perimeter wall.
This is an excellent purchase for the price.

I am available to show you around.

Property Reference #: RNC601

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

Id Subtitle 1243990297
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Estimated monthly repaymentR 40,098
Total property loan amountR 3,700,000
Total interestR 5,923,319
Total repaymentR 9,623,319
Interest rate at 11.75% for 20 years *
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