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Prime Multi Let Property Investment For Sale

Johannesburg, Gauteng, South Africa
Asking Price:
R22,000,000 Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

PRIME MULTI-LET PROPERTY INVESTMENT that includes 25.86ha of PRIME LAND

DESCRIPTION: This prime investment comprises three large, small holdings with multiple homes, townhouses, flatlets, cottages, factories, and workshops that are let out to tenants.

The properties have top security and an endless supply of spring water running underneath them.

The property is primely located just 25 minutes south of central JHB and just on the outskirts of Walkerville, with country-style living.

PRICE: R 22 Million

Herewith is a quick overview of what is included in this prime investment:

1) Three small holdings measuring 25.86 ha and valued at R 7.8 million.

2) Houses, Townhouses, Flatlets, Cottages and factories with an estimated replacement value of R 19.950 Million

3) The rental income is R 171.540.00 pm (Two main houses are being used by the current owners and could bring in an additional R 30k pm) Expenses for all properties are R 41 568.00 pm.

4) In addition to the above, there are 12 staff quarters, bathrooms with 4 showers, washbasins, and a scullery. Then there is a central laundry room with a scullery.

There is a large boda with a heated pool and entertainment area.

There are several workshops, with the main workshop/warehouse housing the farming equipment for all the properties.

There is also a vegetable tunnel on one of the properties that is not being utilized.

5) The deal includes a fleet of trailers that are rented out to tenants.

6) The deal includes all the Farming equipment (Tractors, lawnmowers & other equipment)

7) There is ample land to do small-scale farming, and there are multiple boreholes and more.

8) The one main house is set apart on its own with a large balcony that has a breathtaking panoramic view that is to die for and a jacuzzi for ultimate relaxation while surrounded by bush and ultimate views.
This property could be used as an ultimate luxury guest house.

There is just too much to mention, so a full, detailed package will be provided to serious potential buyers ONLY.

Property Information

Location:

Prime location South of JHB

Business Operation

Expansion Potential:

Huge

Reasons for selling:

Owner is looking at relocating due to retirement.

Other Information

Related Documents: