This one is for the Investor that understands "ROI"... or as us simple folk like to call it - "Return On Investment"
Simply put, the whole property spreads over 2.25Ha and has a main house featuring 4 bedrooms, 3 bathrooms, double garage and a private stand with private entrance which makes up over 1,2 Ha.
Situated on this portion is a thatched entertainment area, that can accommodate fairly large gatherings and caters for these functions with an on-site kitchen, braai and ablution facilities. This facility is open to all the tenants in the estate.
The other portion measures just over 1Ha and has 8 x 215m² - 3 bedroom, 2 bathroom, double garage townhouses. Each with walled perimeters and a land area of 440m² of private garden.
2 additional but incomplete units of 150m² will
offer 2 bedrooms, 1 bathroom and a double garage.
This section of the property has it's own main entrance and is separated from the larger section.
The whole property benefits from a self sustained "Sewage Treatment Plant" and it's grey water is used for irrigation of the whole property's gardens.
Every house has a municipal water connection and an electricity pre-paid meter installed.
This property's business model, currently revolves purely around rental income of each individual property and current rental income represents as follows:
Main property - R13,000.00 pm excluding water and electricity
3 bedroom Townhouses - R9,500.00 pm excluding water and electricity
Current occupation rate is 100% with yearly contracts renewable yearly (exclusions are made for the incomplete units) E&OE
Total monthly rental income generated - R79,500.00 pm
Located very close to town, this property offers accessibility while providing secure tranquility in a safe and peaceful environment. So if you're in the market for a piece of "retirement-investment" pie, then this could be the one.
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