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KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

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AGRICULTURAL INVESTMENT OPPORTUNITY WITH RENTAL INCOME POTENTIAL

GEELHOUTBOOM FARM 217, PTN 35 & 36, GEORGE

Property Description

PROPERTY DESCRIPTION:

  • 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):

Existing Leases

  • 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

DETAILS:

  • Portion: 35 of Farm 217
  • Extent: 230m²
  • Portion: 36 of Farm 217
  • Extent: 8335m²

Total extent: 8565m²

Auction Venue

AUCTION VENUE

THE ONE & ONLY HOTEL, V&A WATERFRONT, CAPE TOWN

AUCTION TIME

25/03/2019

12h30

Property Location

Property Info

GEELHOUTBOOM FARM 217, PTN 35 & 36, GEORGE

CONTACT AGENT

Sachin Boyjoonauth

079 942 1004

ENQUIRE NOW

CONTACT AGENT

Anton Koegelenberg

0836315950

ENQUIRE NOW

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