Sole Mandate!
The purchase price is VAT exclusive.
This property consists of a 6 bedroom main house, 2 bedroom flat, 2 boreholes, fencing all round, outbuildings, 5 camps and grazing land.
The accommodation needs attention.
There is no current source of electricity. The new owner may apply for a connection with ESKOM (power lines available in the area), or utilizing another form of power such as solar.
One borehole is fitted, the other one not. Both boreholes can deliver water at +- 10,000 liters per hour each. However, a power source is needed such as a generator.
The property is in an area where land claims have been lodged. It is uncertain whether this specific portion is affected. It can take many years for the outcome to be clear.
Because of the size of this agricultural land, a standard mortgage loan could not be obtained. A potential buyer should apply for a business loan where of 50 - 60% might be approved. Subsequently the potential buyer will need 40 - 50% of his own available funds as well as costs for VAT, transfer cost as well as bond cost (if applying for a bond).
The property is located in a lovely setting with beautiful views not far from town, and with access to a tar road.
If this property appeals to you, please make contact with Christo (Property Matchmaker Estates). Read more...