Investment Opportunity!

R 2,980,000

Can I afford this?
3 months ago176 views
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General Details
For Sale By:Agency
Description
Stunning 8.8ha Farm For Sale in the Sea Park area on KZN's popular South Coast...

Existing business is a Going Concern (Animal Boarding Facility) as well as houses and cottages with good Rental Income and potential for further expansion!

Previously used to farm pineapples and bananas, this lovely farm is famously known amongst the locals as Harmony Hill Animal Hotel (33 dog kennels and a cattery with 13 kennels). Lots of space to keep horses or farm with veggies / chickens etc
There are various residential units on the property

Main Farm House:
3 x comfortable Bedrooms, Large Kitchen with granite countertops, gas stove, walk-in pantry and laundry area.
Open Plan Lounge and Dining area - Double glass doors lead out onto the veranda, which stretches out down the front side of the house. 2 x Bathrooms

House 2:
3 x Bedrooms, 2 x Bathrooms, Lounge / Dining Room, Kitchen, Covered Parking
Rental Income: R6 000

Cottage 1:
2 x Bedroom, 1 full Bathroom, open plan Kitchen, lounge
Rental Income: R4 500

Cottage 2:
2 x Bedroom, 1 x full Bathroom, open plan kitchen, lounge
Rental Income: R4 500

Total Rental Income currently R15 000 per month
Income from Animal Boarding Facilities: R50 000 per month

Various outbuildings and storage sheds, little wooden cabins, storerooms and staff accommodation
3 x Boreholes, water purification system and 3 x 5000l tanks, high-pressure pump with washable filters;
45 KVA John Deere generator runs the entire property with ease.
Small farm dam stocked with bass and tilapia
Loads of potential....don't miss this opportunity!

Great Income Earning Potential!

Rates And Taxes: 1000
Property Reference #: 271

Agent Details:
Deon Immelman
Beginsel Properties
1144 Catalina Drive, Hibberdene, South Coast, KwaZulu Natal, 4220

Id Subtitle 1257288563
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Estimated monthly repaymentR 32,295
Total property loan amountR 2,980,000
Total interestR 4,770,673
Total repaymentR 7,750,673
Interest rate at 11.75% for 20 years *
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Beginsel Properties
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