Please note that you are using an outdated browser which is not compatible with some elements of the site. We strongly urge you to update to Edge for an optimal browsing experience.

R 10 000 000

Farm for Sale in Joostenbergvlakte

Joostenbergvlakte, Kraaifontein

Contact agent for street address

8 156 m²
- m²: 8 156 m²
- Hectares: 0.816 ha
- Acres: 2.015 acres

Contact Agent

Henry Käsner

Show Contact Number

High-Yield Investment: 8-Unit Complex in Tranquil Joostenbergvlakte - R75k Monthly Income

Investor's dream! Don't miss this rare opportunity! Secure an 8-unit income-generating jewel in sought-after Joostenbergvlakte.

Current income R75,000+ escalating to R1.5M+ annually.

Equestrian community, close to future Cape Winelands Airport.

Current Total Monthly Rental Income: R75,000+ (as per seller confirmation)

Current Annual Rental Income: R900,000+

Projected Annual Rental Income (Year 5): R1 190 000

Projected Annual Rental Income (Year 10): R1 525 600

Asking Price: R10,000,000

Imagine a property that not only delivers a healthy income stream from day one but also promises significant growth in the years to come. This exceptional 8-unit complex in the tranquil Joostenbergvlakte offers precisely that – a unique blend of immediate returns and long-term appreciation potential.

Picture a peaceful setting within a well-established equestrian community,...

Investor's dream! Don't miss this rare opportunity! Secure an 8-unit income-generating jewel in sought-after Joostenbergvlakte.

Current income R75,000+ escalating to R1.5M+ annually.

Equestrian community, close to future Cape Winelands Airport.

Current Total Monthly Rental Income: R75,000+ (as per seller confirmation)

Current Annual Rental Income: R900,000+

Projected Annual Rental Income (Year 5): R1 190 000

Projected Annual Rental Income (Year 10): R1 525 600

Asking Price: R10,000,000

Picture a peaceful setting within a well-established equestrian community, where the pace of life is relaxed yet you're still conveniently connected to everything you need. This isn't merely a property; it's an investment in a desirable lifestyle, the kind that attracts and retains quality tenants. In today's market, that's a significant advantage.

Currently generating over R75,000 per month, this income stream is projected to grow substantially, reaching over R1.5 million annually within the next 10 years. That's a return on investment that demands attention. Savvy investors understand the power of compounding returns, and this property is positioned to deliver.

Beyond the impressive financial figures, this property boasts a prime location. Just a short drive from the N1, you're seamlessly connected to the vibrant city of Cape Town, the renowned wine regions of Stellenbosch and Paarl, and the bustling hub of Bellville. It's the perfect balance – the tranquility of countryside living combined with the accessibility of urban conveniences.

And the future looks even brighter. The planned Cape Winelands Airport, practically on your doorstep, is poised to be a major catalyst for growth in the area. Experts predict this development will not only boost economic activity but also significantly increase demand for rental properties, driving substantial property value appreciation. This is more than just a smart investment; it's a strategic move into a location on the rise.

Location & Distances:

N1 Highway: Minutes away

Cape Town: 33.6km

Stellenbosch: 20km

Paarl: 30km

Bellville: 12.7km

Cape Gate Mediclinic: 6.4km

Schools:

Monument Park High School: 3.9km

Fanie Theron Primary School: 4.3km

Curro Primary School: 9km

Curro Durbanville High School: 9.3km

Stellenberg High School: 9.6km

Main house:

3 large bedrooms

1 full bathroom with separate toilet with gas geyser

2 ensuite bathrooms with gas geysers

Three aircons

5 plate induction stovetop with electric oven

2 large living spaces

Large open-plan kitchen

25sqm stoep enclosed with frameless glass

Swimming pool

Large garden

Double garage with en suite bathroom

Flatlets:

4x open-plan flatlets with gas stoves and gas geysers, 2 of which have large enclosed garden areas.1 with aircon

1x Workers cottage with own garden area

3x open-plan ,two bedroom units with gas stove and gas geysers, all with enclosed garden areas and 1 of which has 2 aircons

4 nutec Wendy houses

4 chicken coops

2 pig enclosures

Undercover parking for 6 Vehicles

10 open air parking areas

3 working septic tanks

2 property entrances on tar roads, with Electric gates

80% of property under electric fencing

100% of property vibracrete fenced.

Large open area grass area between flatlets

Listing number: P24-115542031, Image number: 1, Image

Listing number: P24-115542031, Image number: 2, Image

Listing number: P24-115542031, Image number: 3, Image

Listing number: P24-115542031, Image number: 4, Image

Listing number: P24-115542031, Image number: 5, Image

Listing number: P24-115542031, Image number: 6, Image

Listing number: P24-115542031, Image number: 7, Image

Listing number: P24-115542031, Image number: 8, Image

Listing number: P24-115542031, Image number: 9, Image

Property Overview

Listing Number

115542031

Type of Property

Farm

Listing Date

06 February 2025

Size of farm

8 156 m²

Floor Size

630 m²

Rates and Taxes

R 437

Pets Allowed

Facilities

Bedrooms

Bathrooms

Kitchens

Reception Rooms

External Features

Garage

Parking

Pool

Yes

Building

Backup Water

Borehole

Water Tank

Other Features

Flatlet

Yes

Special Features

Gas Geyser

Points of Interest

Bond Calculator

*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.