Investment property with Immediate Returns

This fantastic property is situated in Cove Ridge Estate. The ground size is 8.587 h/a in extent. The land is flat, with the front boundary on the R72, approximately 5km from the airport.
The property consists of 6 residential units, each with their own facilities. Such units bring a return of R30 000.00 per month.
Unit 6 this unit has 3 bedrooms, 1 bathroom, extremely spacious lounge dining area, with open plan kitchen. This unit has parking space for 4 vehicles.
Unit 5 this unit has 3 bedrooms 1 bathroom and very spacious lounge / kitchen living area. This unit has paring space for 2 vehicles
Unit 4 this unit is 2 bedrooms with 1 bathroom. The open plan kitchen living area is cavernous. This unit has parking space for 2 vehicles.
Unit 3 has 4 bedrooms 1 bathroom and equally large kitchen living area. This unit has parking space for 2 vehicles.

Unit 2 has 2 bedrooms 1 bathroom, split level lounge kitchen area. This unit has parking space for 2 vehicles
Unit 1 this is the best of all. This unit has 3 bedrooms and 2 bathrooms, the main bedroom with en suite bathroom. The humongous kitchen is complimented by an adjoining scullery. The dining room and lounge flow easily from the kitchen. A delightful khoi pond graces the court yards.
There is a large workshop area and parking for several vehicles.
The entertainment / braai area in a converted reservoir is really amazing place to have a huge family braai, or for one of those event functions.
There is a stable to house 8 horses; each stable is 9 meters square with a passage way of 1.5meters wide. The arena behind the stables does need a bit of clearing, as it has not been used for a while. The poles for the obstacles are available.

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Main Property Features

Listing Number: EMC32375

Property Type:
Agricultural Land, Horses
Property Name:
Cove Ridge Estate
Land area
  • Land Area Ha: 8.5817
Location & services:
Km's to Nearest Town: 5
Roof:
tiled
House style:
Contemporary
Construction:
brick
Window/door frames:
steel
House Details:
Lounge Room, Dining Room, Kitchen and Laundry
Outdoor living:
Braai
Land contour:
Flat (ha: 8)
Water supply:
Domestic Water Source: Borehole
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Harcourts Mercantile

9
Currie Street
Quigney
East London
Office website or View office details