R7,495,000

R7,495,000

116,467m² Farm For Sale in Cove Ridge East
Covered
Open
No Transfer Duty
Andre Goosen

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

Web Ref. ELO-CS00066
Land size 116467.00 m²
Floor size 1560.00 m²
Monthly Bond Repayment
R74,222.34
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.
Monthly Rates R1,055

Features

Zoning
Agricultural
Interior
6 Kitchens
6 Bathrooms
Sizes
Land Size 116,467 m²
Floor Size 1,560 m²
Parking Bays
2 Covered Parkings
6 Open Parkings
Additional Amenities
Built In Braai
Fireplace
Smoking Allowed
Entrance Hall
Family / TV Room
Garden Flat
Patio
Reception
Fence
Garden
Paveway
Pets Allowed
Listing Info
Date Listed 03-07-24
Time Listed 12:41

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 East London is some of the most sought after real estate in South Africa.Our shores are lapped by the warm waters of the Indian Ocean, and having a sub-tropical climate makes this region a sought after tourist destination for International tourists and local South Africans. Mdantsane, a vibrant township on the outskirts...
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