SMALLHOLDING FOR SALE – ZANDFONTEIN AH (WITH CRECHE)

GREAT VALUE
1 x 4 Bedroom House, 1 x 3 Bedroom House, 2 x 2 Bedroom Flats PLUS a Pre-school (can be used as another house)

Current rental income = R16 000 per month.
Pre-school turnover = R56 000 per month

MAIN HOUSE:
2 x Living areas
4 x Bedrooms
2 x Bathrooms
Kitchen
Office
2 x Garages
2 x Carports

SECOND HOUSE:
3 x Bedrooms
Bathroom
Kitchen
Dining room
Lounge
2 x Garages

FLAT 1:
2 x Bedroom flat with own entrance from Van der Hoff extension
Bathroom
Lounge
Dining room
Kitchen
1 x Garage

FLAT 2:
2 x Bedrooms
1 x Bathroom
Open plan Kitchen, Lounge, Dining room
Carport for 2 vehicles

CUMMUNAL LAPA
Well maintained
Built-in braai

PRE-SCHOOL:
3 x Classrooms
Kitchen
Toilets

STOREROOM of +-300 m2
Prepaid meters

The property have access to municipal water although they use borehole water at the moment.

Financing guidelines / criteria

1. Absa and Standard Bank SA will only finance a Smallholding smaller than 20 ha.
2. Nedbank and FNB will only consider financing a Smallholding smaller than 8.5 ha.
3. If the property is reliant on Borehole water a Borehole Certificate not older than 3 months is required and it must comply with the particular bank’s criteria.

LOANS: South African Citizen in full-time employment

1. Absa – Normal loan to value will apply, based on the applicant’s risk profile.
2. Standard Bank will consider a max of 70% – 80% exceptional cases 90%
3. Nedbank will consider a max of 80%
4. FNB will consider 50% to max 70%