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R17,000,000

Monthly Rates
R786 Excl. VAT

Area of Opportunity

Exceptional "Area of Opportunity" for sale at the Lynnfield Park offramp, a very short distance from the N3 corridor, and easily accessible along a main arterial route currently being upgraded by Sanral. Huge commercial development is happening in KZN's "T section" being the N3 corridor between Durban and Pietermaritzburg and the N2 corridor between Umhlanga and Toti. IT IS HAPPENING HERE!

Boasting 360 degree views, this well maintained property is 25.9276 hectares in extent, and situated in an elevated position on the summit of a slight hill with a gradual gradient. The farm, presently a lifestyle property, is zoned as an 'area of opportunity' and rated as agricultural; it comprises two large comfortable homes with established gardens, each having its own pool and entertainment venue, two cottages plus garaging, staff quarters, large sheds, stables and tack rooms within walking distance of the homesteads, paddocks, lunging ring, riding arena, cattle enclosure and vast fields. The extensive land with views is exceptional and lends itself well to residential estate development. An excellent opportunity just fifteen minutes from Pietermaritzburg and twenty minutes to Hillcrest... with potential for re zoning and commercial development.

The adjacent farm is also on the market for sale. Both are incredible real estate investments.
This farm comprises:
Two large houses, three cottages (one being staff accommodation), garages, workshops, sheds, stables, ablution/storage, and an abatoir 210 sqm in extent that may also be used as storage. No Vat is applicable on the purchase of this property. Let's go!

For more information or to schedule an appointment to view, contact Acutts agent. Client pre-qualification applies.

Features

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0
Zoning:
Mixed Use
Exterior
Security
No
Sizes
Floor Size
1,206m²
Land Size
25Ha
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

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Monthly Payment

241,450.08

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