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R 6 590 000

Vacant Land / Plot for Sale in Mnandi

  • Erf Size 5 ha
    • m²: 50 000 m²
    • Hectares: 5 ha
    • Acres: 12.355 acres
  • NO TRANSFER DUTY
EQUESTRIAN Business_Going Conern_Prime Facilities

The Purchaser must pay VAT on the purchase price.Huge tax loss recorded in company. 2 large houses. PLUS large 2 bed oom cottage. Pool. Good security.Municipal water and sewerage on its way. Two strong boreholes on two different geological plains.

No serious crime for 17 years. Large loyal consistent staff completment. Great blockwatch. Double security fences.

Tackrooms, have an alarm linked to Monitor Net, security gates and concrete roofs.

London Lane Stud CC if it keeps the exact same description of the principal business, being : Breeding of horses, running of stable yard, equine lessons, all activities related to equines, renting of stables, house and cottage and all related activities, then the shares of the cc can be converted to a (Pty) Ltd. No transfer duty is applicable but STT (Securities transfer tax) is at 0.25%. The cc was VAT registered years ago...

The Purchaser must pay VAT on the purchase price.Huge tax loss recorded in company. 2 large houses. PLUS large 2 bed oom cottage. Pool. Good security.Municipal water and sewerage on its way. Two strong boreholes on two different geological plains.

No serious crime for 17 years. Large loyal consistent staff completment. Great blockwatch. Double security fences.

Tackrooms, have an alarm linked to Monitor Net, security gates and concrete roofs.

London Lane Stud CC if it keeps the exact same description of the principal business, being : Breeding of horses, running of stable yard, equine lessons, all activities related to equines, renting of stables, house and cottage and all related activities, then the shares of the cc can be converted to a (Pty) Ltd. No transfer duty is applicable but STT (Securities transfer tax) is at 0.25%. The cc was VAT registered years ago but is not at the moment. Rates and taxes are R1435.60 per month and we are direct Eskom clients.

The buyer can use the large assessed loss (R1m +/-) going forward. The loss is set off against future profits thereby reducing the tax payable.

There are currently about 30 clients plus the regulars who come up to Gauteng for shows and stay with us.

Property is zoned agricultural/unknown.

This is a life style choice ...Running the best EQUESTRIAN faciltiy in the area and living there is a joyful rewarding experience. OR RE-PURPOSE substantailly constructed buildings into an AGRI - ECO facility using the plentiful water on site.

Listing number: P24-114622689, Image number: 1
Listing number: P24-114622689, Image number: 2
Listing number: P24-114622689, Image number: 3
Listing number: P24-114622689, Image number: 4
Listing number: P24-114622689, Image number: 5
Listing number: P24-114622689, Image number: 6
Listing number: P24-114622689, Image number: 7
Listing number: P24-114622689, Image number: 8
Listing number: P24-114622689, Image number: 9
Property Overview
Listing Number
114622689
Type of Property
Vacant Land / Plot
Street Address
Listing Date
05 July 2024
Erf Size
5 ha
Floor Size
2000 m²
No Transfer Duty
Yes
Age
2016
Pets Allowed
Yes
Bedrooms
10
45 stables. 6 staff rooms. Paddocks all have tr...
Bathrooms
6
Quality finishes generally in all.
Office
1
Domestic Rooms
1
Reception Rooms
6
Garage
2
Parking
4
Secure Parking
50
Garden
Yes
Pool
Yes
Flatlet
Yes
Internet Access
Fibre
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(Transfer Duty Excluded) This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.
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