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Plenty of investment potential

Middelburg , Mpumalanga
6 bedrooms
320 sqft
2 500 000 R
2017/11/03
Become the owner of this newly opened backpackers lodge in Middelburg, an ideal opportunity for development and rental potential. The large 3148m2 property is well positioned on the R56 which is halfway between Cape Town and Pietermaritzburg via Kokstad. It is a major attraction for students across the country to the local Grootfontein Agricultural college. The lodge sleeps a maximum of 11 people on single beds in four bedrooms with a total of 6 bathrooms. The bathrooms are made up of three showers, a single bath, four toilets as well as a basic lounge and kitchen area. A further three self-catering units sleep three and has its own kitchenette, shower, toilet and basin. Outbuildings on the property have a single garage, laundry and dam area with additional space for the construction of a second entrance. There is plenty of guest parking and also a fully functional borehole. The backpackers is fairly new which is perfect for a buyer to come in and reconstruction to specification. You can expect to generate a healthy income from students which basically takes care of the bond payment. All the resources and infrastructure is already in place which makes it an ideal buy for developers. Furnished Property Reference #: PF971 Agent Details: PropertyFox 1.5% Property Fox 5th Floor Hamilton House30 Chiappini Street
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5 bedrooms
25 000 000 R
2017/11/06
Magnificent Farm in Mooi River: Farm comprises of extensive low input beef and crop farming operation. Large amount of infra structure included. This farm adjoins a 760ha farm which is also for sale 65ha of arable dry land 55ha of dragline irrigation 4 dams Balance is veld Well suited to hosting large numbers of guests with wedding venue and conference centre facilities. Internal Agency Ref No:ESTC-0186 # Reception Rooms: 1 # Office / Study: 1 Has Pool Security Features: Security Property Reference #: ESTC-0186 Agent Details: Roy Emanuel (Principal) Dormehl Property Group - Estcourt 107 Lorne Street Estcourt 3310 Kokstad
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