DEVELOPED SMALLHOLDING (2.2 HA) FOR SALE - PRICE FURTHER REDUCED

LEOKA VILLA – Great LOCATION. Great INVESTMENT. Under liquidation. All costs (COC’s etc. to be paid by the buyer)

This well-developed, beautiful 2.2 HA smallholding is situated less than 5 km from Mahem and about 250 meters off Van der Hoff Road.

It Offers:

— 2017 VALUATION OF R5 600 000 (R14 000 000+ replacement value – see below for more detail)
— RENTAL INCOME: R46 600 + per month

1. A 4 bedroom, 2 bathroom, large Kitchen, Dining room, spacious Lounge main house with double garage
2. 2 x 2 bedrooms, 1 bathroom, kitchen, lounge, fenced flatlets
3. An Office block with 7 offices with lots of built-in cupboards
4. 3 x Large workshops with a separate wash bay
5. Undercover parking for 20+ vehicles
6. Brick paving between buildings and workshops
7. 3 Phase electricity
8. 3 Boreholes (1 certified/equipped)
9. 2 x Water tanks
10. Outside toilets and Servants quarters (12 rooms)
11. Beautiful gardens
12. Electric gate
13. Lapa with braai area
14. Alarm system with CCTV
15. Building plans available

Property Valuation (2017):

IMPORTANT: In order to book a viewing for this property, you HAVE TO BE pre-approved!
It’s Quick and EASY –Results in less than 30 minutes!

VIDEOS:

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%

LEOKA VILLA – Great LOCATION. Great INVESTMENT. Under liquidation. All costs (COC’s etc. to be paid by the buyer) This well-developed, beautiful 2.2 HA smallholding is situated less than 5 […]

Mandate

Exclusive (Sole Mandate)

Property Type

Commercial for Sale

Beds

Bathrooms

Floor Area (m²)

260

Erf/Land Size (m²)

22,833

Garage/Carport

Distance From Town (km)