Sector - Property
This property is in the east of Pretoria and not far from the business areas. The approval is done for rural residential units in a estate to form part of a nature reserve with extension options.Give me more information
What are the main assets of the business?
The property is 405 hectare of size with the farm house and units that are currently rented out. The house plus double garages are approximately 400 square meters with four one bedroom units of 35 square meters of size .The rental agreements are valid for 12 months. The farm is fully game fenced . There is a warehouse of 350 sq meters. There are four boreholes of which three are fully equipped with electrical pumps and one as a windmill giving a total of 12 000 liters per hour .
A Beautiful country side with the lake that is part of the development within a Nature Reserve estate will compliment the selling of units. The property is near to the shopping centers in the east of Pretoria. The development can be done in phases. The approval has been received to proceed with the rezoning for 197 stands.
With the approval to proceed with the rezoning, already being done, the installing of civil services and electricity will generate capital growth and income for this development .
What is the reason for the sale?
The owner has retired and wants to consolidated his asset base.
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