Web Ref RL197
R7,320,000
Monthly Bond Repayment R79,327.35
Calculated over 20 years at 11.75% with no deposit.
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Monthly Rates
R2,500
R2,500
Main road frontage, 15 room country guesthouse potential - sold as vacant land
Situated in Chartwell North Estates, but also with high Cedar Road visibility is this 2.7 ha country property.
What was once a lovely old country home is now sad and a very tatty - sold for its position, although there is a lot of value in the buildings
The current tenant who is also an employee of the family has cleverly manipulated what was a 3 bedroom home with a cottage into various income producing units yielding a sizeable income. The seller guarantees that current tenants will move once the property is sold but before transfer, should this be a concern to a buyer.
With some 'powder and paint', I believe this property could be returned to her former glory and would make a wonderful bed and breakfast or guest house. (application has been made and previously granted for 15 rooms)
The improvements on the property is not where the value lies. The position is key, within a 'stones' throw from Steyn City and right in the growth area between the Lanseria Mega City and airport and the Fourways to Sandton precincts.
What was once a lovely old country home is now sad and a very tatty - sold for its position, although there is a lot of value in the buildings
The current tenant who is also an employee of the family has cleverly manipulated what was a 3 bedroom home with a cottage into various income producing units yielding a sizeable income. The seller guarantees that current tenants will move once the property is sold but before transfer, should this be a concern to a buyer.
With some 'powder and paint', I believe this property could be returned to her former glory and would make a wonderful bed and breakfast or guest house. (application has been made and previously granted for 15 rooms)
The improvements on the property is not where the value lies. The position is key, within a 'stones' throw from Steyn City and right in the growth area between the Lanseria Mega City and airport and the Fourways to Sandton precincts.
Features
Pets Allowed
Yes
Interior
Bedrooms
4
Bathrooms
2
Kitchen
Yes
Reception Rooms
2
Study
Yes
Furnished
No
Exterior
Security
No
Parkings
2
Flatlet
5
Domestic Accomm.
3
Pool
No
Sizes
Land Size
3Ha
Extras
Flatlet, Staff Quarters/Domestic Rooms, Storeroom
; An old, unequipped borehole - municipal water available
