R2,650,000
Monthly Bond Repayment R28,260.39
Calculated over 20 years at 11.5% with no deposit.
Change Assumptions
Investor opportunity. Farm with Rental income...
The property is located approximately 10 km outside of Randfontein.
Rentals are professionally managed by a third party organisation. However, the new owner can
take on this role if required.
The Property:
Consists of many buildings which are currently used as
accommodation; consisting of two, three and four bedroom houses, simplexes and thatched
cottages, games room, maintenance and repair stores (Fully equipped), offices, guest room,
toilet blocks, covered parking, thatched lapa, bird aviaries with parrot and doves, duck pond with
over 10 breeding ducks and paved standing for up to 10 cars. It's grounds consists of 8,5 ha of
prime land with lawns, pool, jacuzzi (Not operational) 60+ mature fruit trees, farmer's cottage
(Can be converted into stables), Kids jungle gym, woods, walking and playing area and CCTV/EPR
controlled zones. Virginia Waters Venue Estate overlooks the beautiful valley of Hillside and
within a short walk is a free fishing lake. Water is provided by a deep clean and plentiful well,
and electricity is provided by Eskom via a private owned transformer offering single and
three-phase power supply. To supplement power, there are two petrol generators available as
part of the inventory.
Rent:
At this moment in time, all accommodation is occupied, except the owner's fully furnished three
bedroom simplex cottage (All furniture, equipment, artwork, machinery and security devices will
remain as part of the venue's sale. Including this will be all the sports and leisure equipment,
gardening equipment, maintenance equipment and other outdoor and indoor furniture used
throughout the venue).
A list of equipment is available on request.
The current income is in excess of R23,500 a month, however, another R7,000+ can be added if
the current owner's simplex is rented out fully or partially furnished.
*Note: There is a detached cottage on the grounds that can be converted to more rentable
accommodation, if necessary, at little costs.
Buildings, Amenities and Facilities:
In addition to the above accommodation, the following exists at the property:
1. Games Room: Equipped with pool table, dart board, bar, settees and chairs, artwork, rugs,
weights and pool equipment. There is also a pull-down large screen for videos or lectures.
Gardens and Swimming Pool: The thatched cottages and manor house is located around a beautiful lawn and has within a few meters the games room, duck pond, thatched Lapa, flower gardens, office, library/prayer room and garage to accommodate up to 5 cars. (A car park area within the garden walls can accommodate up to 10 cars. However, outside the garden walls, but still in the perimeter fence, is a camping and parking area which can accommodate up to 100 cars)
The three simplexes are located around the large (5m. x 8m.) swimming pool.
The estate is fully fenced and at one time bred ostriches and blesbok. There is a well-established but unoccupied farmer's cottage at one end the estate that could be converted into more accommodation, a vehicle workshop, stores or even a stables for a riding school.
Water is provided to all houses, cottages and simplexes via pressure and demand pumps and large storage tanks. As the main Water Well is located on an elevated part of property, gravity feed supplies of fresh water are possible to the grounds and fields to supply irrigation systems or water troughs for live-stock.
Security:
1. CCTV and Solar/Main Lights: There are two sets of CCTV at Virginia Waters Venue Estate.
Both sets are 4 camera continuous recording systems with viewing monitors equipped with night
vision facilities. Solar and main lights are located around Virginia Waters Venue Estate for
maximum trigger lighting and area lighting.
2. EPR Fast Response Guarding
1. Manor House (4 Bedroom House with High Quality Features)
Within the grounds of the house is a large thatched lapa with a high quality bar and a braai area for venues or entertaining. Under the peppercorn tree is a stone picnic table. The gardens are planted with roses, flowering shrubs and exotic palm trees.
The house has high quality fixtures and fitting with an open fire-place, built-in large oak bar, large tiled lounge with wood ceiling, large windows overlooking the well-set gardens, dining room, four ample bedrooms all with built-in cupboards, and storage spaces in the large kitchen with a centre work-surface/island and double sinks.
There are two bathrooms with showers. (The family bathroom has a separate shower) One
bathroom is en-suite to the master bedroom.
Attached to the house is a secure and enclosed garage with parking for up to 6 cars and a gun-safe. Outside the house is an reception office and parking for up to 10 cars.
2. Simplex Cottage (No. 1)
3. Simplex Cottage (No.2)
4. Simplex Cottage (No. 3)
3 Bedroom Simplex Cottage (Fully Furnished to High Quality Standards With Immediate Occupy
or to Rent)
*Note (All items in this 3 bedroom simplex will be itemised)
5. Thatched Cottage(No.1) (2 Bedroom House Designed and Built to High Standard)
(And)
6. Thatched Cottage(No.2) (2 Bedroom House Designed and Built to High Standard)
Features
Interior
Exterior
Sizes
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