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R 3 950 000

Farm for Sale in Roodepoort Ah

Roodepoort AH, Polokwane

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9.22 ha
- m²: 92 200 m²
- Hectares: 9.22 ha
- Acres: 22.783 acres

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Tremendous potential in this property, a highly lucrative investment.

Located in the Roodepoort area of Polokwane, this plot presents an excellent investment opportunity. Despite requiring some tender loving care, the property has the potential to generate approximately R 46,000-00 in monthly rental income from the existing residential dwellings. With a modest investment of around R 100,000-00 for upgrades, the monthly income could be even higher.

In addition to the residential units, the plot features two warehouses totalling approximately 860 m², complete with lockable storerooms and solid concrete flooring. This setup is perfect for a buyer looking to work from home or relocate their business to a plot. The property also offers ample carport space with 20 parking spots.

This investment is particularly appealing, considering that all residential units can be rented out, resulting in a 16.72% return on investment. Adding to this,...

This investment is particularly appealing, considering that all residential units can be rented out, resulting in a 16.72% return on investment. Adding to this, there is an extra 5% for the average capital growth in Polokwane, bringing the total return on investment to an impressive 21.72%. This outperforms typical bank returns.

It's important to note that banks typically do not finance 100% of this property type, requiring a deposit ranging from 20% to 40%. However, the generated income is more than sufficient to cover the bond on the property, allowing for a profit. Moreover, by utilizing the warehouses and avoiding rent expenses, the financial outlook is further improved.

For those interested in pure investment purposes, renting out the warehouse space for approximately R 15,000-00 per month (based on a modest calculation of less than R20 per m²) can elevate the total return on investment to 27.18% annually, equivalent to R 61,000-00 per month. This underscores the tremendous potential and financial benefits associated with this property.

We commit ourselves to:

*Truthful and honest advice.

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No one sells more property than us, so make the smart choice now. Pre-qualified or cash buyers will be given preference. If this property does not suit your needs or taste, please give me a call so that we can discuss and find your dream home or next investment. Please also click on the logo to your right to see all properties available by us.

Make that important call TODAY!

Ch.M.

Listing number: P24-113663036, Image number: 1

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Property Overview

Listing Number

113663036

Type of Property

Farm

Description

Smallholding

Listing Date

20 November 2023

Size of farm

9.22 ha

Floor Size

860 m²

Rates and Taxes

R 1 500

Facilities

Bedrooms

Bathrooms

Kitchens

Domestic Rooms

10 Domestic workers rooms

Lounges

Other

Patio

External Features

Parking

Gardens

Outbuildings

Outbuilding 1

Storeroom, Workshop

Outbuilding 2

10 Domestic workers rooms

Staff Quarters/Domestic Rooms

Building

Roof

Zinc

Wall

Plaster

Window

Steel

Backup Water

Borehole

Water Tank

Farm Details

Distance From Town

0Km

Other Features

Security

Totally Fenced

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.