Fully describe this property and its income earning activities.
The property is a well maintained plot measuring 1,996 hectares situated in the heart of the lovely Lowveld with 2 full houses, 2 x 5000lt water tanks in their own enclosed brick structure with a pump, 2 x boreholes, 4 x tandem garages (parks 8 cars) measuring approximately 148sqm with lock up gates. The garden is well maintained with rolling manicured lawns, a thatch lapa with braai area and large sparkling pool. Electric gates and fencing surrounding the homes but not the entire property. The driveway entrance has automotive gating with the drive way and parking area paved. Adjoining the garages is a laundry of approx 26sqm and a workshop of approx. 46sq which included in the sale is 3 x lawn mowers, wheelbarrows, ladder and garden tools. The plot has around 100 macadamia tress and various amounts of other variety of fruit trees such as apple, orange, lemon and cherry. The electricity is supplied by Eskom and the property has 3 phase electricity. The electricity billing for both homes currently is around R3000,00 pm and the rates are 350,00 pm.
Description of the property
The property comprises 2 dwellings, the main house and then a second house with a section within it being conducive to being converted into an additional self-catering cottage and possible income generating. The main house is a solid built 60 year old beauty of 238 sqm , with long verandas front and back . The first home comprises front door leading into a reception room which leads off from the right into the 2 double bedrooms and to the left leads into the kitchen from where there is an entrance into the passage which leads into the lounge on the right and another double bedroom with en suite bathroom and door leading onto the back verandah. As a special feature the kitchen has a fire place, the kitchen leads off into the scullery which leads off into another bathroom with toilet and wash basin with an entrance onto the front verandah. There are no built in cupboards in the bedrooms, there are however standalone units. The kitchen is fitted with wooden cupboards, double sink and stove. House 2 has 3 bedrooms and 3 bathrooms The home a much newer home than the other comprises front door leading into a lounge of 42 sqm which in turn leads into the dining room of 13, 6 sqm which has a door going onto the patio of 12 sqm under roof . The dining room of 13, 6 sqm leads from the right into the kitchen of 23 sqm which has fitted cupboards, double sink and stove. From the left of the kitchen into the main bedroom of 40 sqm , this main bedroom has open plan en suite bathroom with shower toilet and basin. The main bedroom has abundant built in cupboard space . The passage of 10 sqm, which leads off from the kitchen leads to the other 2 bedrooms. The second bedroom is a single bedroom of 13, 3 sqm, no en suite. The second bathroom of 4,6 sqm has a shower, toilet and basin and is across from the second bedroom. The third bedroom 39sq has bathroom en suite and as special value a kitchenette which affords this 3 bedroom to become separate self-catering accommodation if required and for additional income. This home has solar panels for the geyser There are no building plans currently but the owner is willing to have these drawn up at his expense should it be required upon purchase The seller will also supply an electrical compliance certificate upon him accepting a purchaserâs offer on the property. The seller currently occupies the 1 home and rents out the other home at R 10,000 pm exc electricity. This home can be separated into 2 income earning entities by dividing as it has 2 kitchens. The possible income generated from 2 units could be R7,000 each. The homes despite 1 being 60 years old are sol;id and well kept. The area in which the property is located is popular and in demand. The land and lawns are also well maintained. There is massive opportunity here to develop the garages into more rental units to generate additional income. The land is level and there is plenty of water so it can be used for self-sustainable light fruit and vegetable planting. The seller is selling up most of his possessionâs to relocate.
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Annual Turnover Amount between R 500 thousand and R 6 million