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R 2 399 000

Farm for Sale in Witfontein

  • Erf Size 8.5 ha
    • m²: 85 000 m²
    • Hectares: 8.5 ha
    • Acres: 21.004 acres
Investment opportunity not to be missed.

Property Name: Virginia Waters

Market Summary:

Virginia Waters is located in a developing area of Randfontein, recognized for its tranquil surroundings and strong community vibe. The property market here has experienced steady growth, fueled by rising demand for affordable housing and proximity to essential amenities and transport links.

Local Amenities:

Within a 5 km radius, residents can access reputable schools, shopping centers, supermarkets, and healthcare facilities. Parks and recreational options enhance the community's appeal.

Transport Links:

The property offers convenient access to major roadways and public transport, making commuting to urban centers and Johannesburg easy.

Property Features:

Virginia Waters boasts scenic views and natural vegetation, making it ideal for residential development. The plot presents opportunities for expansion...

Property Name: Virginia Waters

Market Summary:

Virginia Waters is located in a developing area of Randfontein, recognized for its tranquil surroundings and strong community vibe. The property market here has experienced steady growth, fueled by rising demand for affordable housing and proximity to essential amenities and transport links.

Local Amenities:

Within a 5 km radius, residents can access reputable schools, shopping centers, supermarkets, and healthcare facilities. Parks and recreational options enhance the community's appeal.

Transport Links:

The property offers convenient access to major roadways and public transport, making commuting to urban centers and Johannesburg easy.

Property Features:

Virginia Waters boasts scenic views and natural vegetation, making it ideal for residential development. The plot presents opportunities for expansion or subdivision, subject to zoning regulations.

Investment Potential:

The positive growth trajectory of Randfontein indicates potential property value appreciation. Virginia Waters is a solid investment for first-time buyers and investors looking to tap into the residential market.

Market Comparables:

Similar properties in the area have seen significant price increases, reflecting heightened desirability.

Recommendations:

A site visit is recommended to evaluate the land's potential. Consulting with local authorities on zoning and development will maximize investment opportunities, while market trend analysis will aid in pricing strategies.

Historical Use:

Previously a sought-after wedding venue, Virginia Waters features picturesque gardens and elegant spaces.

Revival Potential:

The property can be revitalized as a function venue, capitalizing on the consistent demand for unique wedding locations. Renovation of existing infrastructure, collaboration with local vendors, and effective marketing can attract clients, with compliance to zoning regulations being crucial.

Current rental income:

Virginia Waters features multiple living quarters, including various cottages, a manor house, and additional outbuildings. The property currently generates rental income of approximately R23,500/month, with the potential for an additional R7,000/month from the current owner's simplex once vacated.

Conclusion:

Virginia Waters presents a unique opportunity to revive its legacy as a wedding venue while also serving as an attractive investment for homeowners and investors alike.

This is an investment opportunity NOT to be missed.

Listing number: P24-115024494, Image number: 1
Listing number: P24-115024494, Image number: 2
Listing number: P24-115024494, Image number: 3
Listing number: P24-115024494, Image number: 4
Listing number: P24-115024494, Image number: 5
Listing number: P24-115024494, Image number: 6
Listing number: P24-115024494, Image number: 7
Listing number: P24-115024494, Image number: 8
Listing number: P24-115024494, Image number: 9
Property Overview
Listing Number
115024494
Type of Property
Farm
Street Address
Description
Smallholding
Listing Date
04 October 2024
Size of farm
8.5 ha
Bedrooms
4
Bedroom 1
Manor House - Main bedroom
Tiled Floors, Curtain Rails, Built-in Cupboards, Queen Bedroom
Bedroom 2
Manor House - 1nd bedroom
Tiled Floors, Curtain Rails, Built-in Cupboards, Queen Bedroom
Bedroom 3
Manor House - 3rd bedroom
Tiled Floors, Curtain Rails, Built-in Cupboards, Double Bedroom
Bedroom 4
Manor House - 4th bedroom
Tiled Floors, Curtain Rails, Built-in Cupboards, Queen Bedroom
Bathrooms
2
Bathroom 1
Main en-suite
Tiled Floors, Curtain Rails, En suite, Shower, Toilet and Basin
Bathroom 2
Guest bathroom
Tiled Floors, Curtain Rails, Shower, Toilet and Basin
Kitchen
Manor House - Kitchen
Stove (Oven & Hob), Tiled Floors, Built-in Cupboards, Centre Island
Lounge
Manor House - Formal lounge
Tiled Floors, Curtain Rails, Fireplace
Bar
Tiled Floors, Bar Counter
Garage
Manor House - Parking for up to 6 cars
Covered
Gardens
2
Garden 1
Entertainment area with stone seating, sunken garden, 100 year old Pepper Corn tree& Rose garden.
Communal
Garden 2
Communal wrap around garden as well as orchard etc.
Communal
Pool
Manor House - Pool to be used by all occupants on Property
Communal Pool
Outbuildings
13
Outbuilding 1
Simplex Cottage No1: This Simplex cottage features an open-concept kitchen / lounge complete with built-in cupboards, serving bench as well as worktop. The kitchen area is fitted with tiles and also includes an electric stove and single sink. The cottage also features 2 good sized bedrooms as well as a bathroom with bathtub, a sink, toilet and mixer shower unit. This cottage also comes with a dedicated coved parking.
Cottage
Outbuilding 2
Simplex Cottage No2: This Simplex cottage features a lounge, two good sized bedrooms and a full bathroom. Also features an enclosed kitchen complete with built-in cupboards, serving bench as well as worktop. The kitchen area is fitted with tiles and also includes an electric stove and single sink with a window and stunning view over the sparkling swimming pool. This cottage also comes with a dedicated coved parking.
Cottage
Outbuilding 3
Simplex Cottage No3: This Simplex cottage features a huge open concept formal lounge & living room / kitchen area fully furnished and equipped with all appliances and kitchenware. The cottage also features 3 good sized bedroom as well as 2 bathrooms. All furniture, appliances as well as painting etc. is included in the sale of the property.
Cottage
Outbuilding 4
Thatched cottage No1: The thatched cottages are verr spacious featuring an open concept lounge / kitchen fitted with built-in cupboards and includes electric cookers as part of the appliances. The lounge also features an open fireplace to add to the comfort and charm of the cottage. This cottage features 2 bedrooms including a second loft type bedroom and a master bedroom including a full en-suite bathroom. This cottage features a covered parking and private garden.
Cottage
Outbuilding 5
Thatched cottage No2: The thatched cottages are verr spacious featuring an open concept lounge / kitchen fitted with built-in cupboards and includes electric cookers as part of the appliances. The lounge also features an open fireplace to add to the comfort and charm of the cottage. This cottage features 2 bedrooms including a second loft type bedroom and a master bedroom including a full en-suite bathroom. This cottage features a covered parking and private garden.
Cottage
Outbuilding 6
Games room, versatile open room for games, pool table, training equipment and additional seating
Clubhouse
Outbuilding 7
Shower / Toilet facilities for guests.
Change Rooms
Outbuilding 8
Day Room / Library for studying, resting and Prayer.
Studio
Outbuilding 9
Detached Office / Reception Office for Venue visitors / tenants.
Office
Outbuilding 10
Estate Managers House: Vacant and can be converted to pub, shop or stables etc.
Second House
Outbuilding 11
Thatched lapa, bar & braai recreational building with serving and seating area.
Lapa
Outbuilding 12
Secure & safe storage building for Furniture etc.
Storeroom
Outbuilding 13
Workshop with high quality garden and maintenance equipment.
Workshop
Backup Water
Borehole
Water Tank
Distance From Town
0Km
Security
4
Security 1
EPR Security
24 Hour Response
Security 2
Perimeter fence
Totally Fenced
Security 3
CCTV & Solar Main lights
Closed Circuit TV
Security 4
Community Neighborhood Watch
24 Hour Response
Second House
Yes
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