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R7,495,000

Beautiful farm with main house and several tenanted units providing extra income!

Great opportunity to live a quality lifestyle and earning extra income from the accommodation facilities on this farm not far from the East London airport. It is 11.6 hectares with 3 dams and Jojo tanks strategically placed to supply fresh water. The buildings consist of a very neat large main house with entertainment facilities, several self contained 2 bedroom units (most are tenanted on month to month leases totalling R45k per month), plenty outside buildings for garages or business operations as well as administration offices. Opportunity exists for further leases of R17k per month. The neat concrete driveways provide access to the buildings in a lovely setting overlooking the agricultural fields. The venue is suitable for a guest farm with Eskom providing electricity.

Features

2
6
Zoning:
Agricultural
Exterior
Security
No
Sizes
Floor Size
1,560m²
Land Size
116,467m²
Parking Bays
Covered Parking Bays
2
Open Parking Bays
6
Extras
Total Land Extent: 116467 m2, • Building Grade: B, • Power Availability: Single Phase, • Number Of Roller Shutter Doors: 4, • It's a Multi Tenanted Building

Cove Ridge East, East London

East London real estate can be found at the northern end of a 300 kilometre stretch of coastline known as the 'Sunshine Coast', and is renowned for its great expanses of beautiful un-crowded beaches. Sleepy seaside towns and villages create a picturesque setting along river mouths, leading to long stretches of golden sands which makes the area very appealing to surfers, swimmers and sun-worshipers. The property in...
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

R Detail your income

Expenses

R Detail your expenses

%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

105,376.29

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