Country Lifestyle Living with Income Generating Properties

AUCT-001482 | On Auction

Country Lifestyle Living with Income Generating Properties

Sandy Springs Farm 807 East London Road, Gonubie, East London, Eastern Cape

Country Lifestyle Property with Income Generating Opportunities. Sandy Springs Farm 807, East London Road, Gonubie, East London

Combined Extent: ± 64.7654 Hectares | Portion 38: ± 21.8393 Hectares with 4 Residential Properties with a Dam | Portion 42: ± 21.4630 Hectares with 6 Residential Properties with a swimming pool & a ± 250 m² shed | Portion 43: ± 21.4631 Hectares with 5 Residential Properties with a swimming pool & offers a ± 190 m² shed | 1 x Borehole on each individual portion | Annual Rental Income of ± R744 600,00 | Partially tenanted with 3 Vacant Storage Units & 4 Vacant Flats | Further improvements to Portion 42 & Portion 43, consist of 17 flatlets allocated as Staff Quarters


Country living situated close to the Sea and Bonza Bay River! This property comprises of 3 farms of which there are 3 different portions, namely 38, 42 and 43, with numerous houses of which all generate income.

Portion 38 of The Farm 807, comprises of 21.8393 hectares and offers 3 income generating flatlets. There is a dam and a borehole that supplies the water to the properties by means of a pump and the electricity is supplied by ESKOM.

Portion 42 of The Farm 807 comprises of 21.4630 hectares and offers 1 x 3 bedrooms, 2 bathrooms house as well as 5 x 2 bedroomed flats and a 250 m² shed, it also has its own borehole and electricity is supplied by ESKOM.

Portion 43 of The Farm 807 comprises of 21.4631 hectares and offers the main farmstead which has 4 bedrooms and 4 bathroom and a swimming pool, as well as a second 4 bedroomed house. There is another separate income generating home offering 4 bedrooms and 3 bathrooms that faces onto the swimming pool, if that is not enough this property offers another 4 flats, a 150 m² shed and staff quarters.

Income can be generated from sand mining off this farm as well as an option to do small scale farming on site. The opportunity exists for Portion 38 to be sold as 1 individual Lot, Portion 42 & Portion 43 will be sold together as 1 combined Lot, or alternatively all 3 portions can be purchased as a whole!

Farm Type:
Agricultural Farm
Web Reference:
AUCT-001482
List price:
POA
Address:
Sandy Springs Farm 807 East London Road, Gonubie, East London, Eastern Cape
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
28 July 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 28 July 2021 11:00:00am


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