SOLD FOR R1 973 550
- 5 Bedroom house (3 bedrooms have direct access to outside porch via French doors)
- All bedrooms have sash windows
- 3 Bathrooms (2 en suite)
- Large kitchen
- Large Braai/entertainment area
- Courtyard with water feature
- 2 Fully furnished one bedroom cottages. They bring in a combined income of R 14,000 per month.
- 4 Rooms in the house bring in a combined income of R 13,800.
- Good investment opportunity for rental income.
- 2 Stores
- 2 Cold rooms
- 2 Labour cottages with satellite dish and solar geyser
- Plenty of parking in front.
- Undercover parking for 3 cars.
- Satellite dish with cables goings to all rooms and cottages
- Internet dish
- Plenty water tanks with catchment from roofs
- Electric front gate
- Alarm system
- Tiled throughout
- 150ltr high pressure solar geyser as well as 150ltr electric high pressure geyser on main house
- Irrigation water is piped and pumped from stream running past house.
- Lots of irrigation pipes
- Small dam with Koi fish
- Swimming pool and Koi pond with rock feature which includes a waterfall, slide and cave.
- Chicken coop
- Property is on a tar road with a shop/post office next door.
- 7km from George Airport
- 5km from Fancourt
- In the sought after Geelhoutboom area.
- 12km to center of Town.
- Rates and taxes of approximately R 450 per month.
- 60 amp single phase electricity from a pole transformer.
TOTAL CURRENT INCOME: R 29,800 PER MONTH (R 357,600 p/a):
- Cottage no 1: 6 month lease R 7,000 per month.
- Cottage no 2: 6 month lease R 7,000 per month.
- Room no 1: 6 month lease R 4,800 per month
- Room no 2: 6 months lease R 2,500 per month.
- Room no 3: 6 month lease R 2500 per month.
- Room no 4: 6 month lease R 3,000 per month
- Room no 5: 6 month lease R 3,000 per month
TOTAL EXPENSE: R 7,816 PER MONTH (R 93,792 p/a):
- Electricity: R 3,500 per month
- Water: R 600 per month
- Rates and Taxes: R 316 per month
- Live in Farm Worker: R 3,400 per month
- Portion: 35 of Farm 217
- Extent: 230m²
- Portion: 36 of Farm 217
- Extent: 8335m²
Total extent: 8565m²