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R19,000,000

Monthly Bond Repayment R199,358.64
Calculated over 20 years at 11.25% with no deposit. Change Assumptions

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HORSE OWNERS AND INVESTORS TAKE NOTE! UNIQUE OPPORTUNITY TO GROW YOUR BUSINESS.

DRUMMOND FARM located in close proximity to N3 comprising 37acres of glorious real estate with 6 registered subdivisions – to be sold as a whole. Currently run as a dedicated Equestrian Centre, there are endless opportunities for conversion to make this farm work for you. The arenas and grazing paddocks whether fibre or grass offer an amazing level platform for any future development.
The undercover fibre arena consists of a steel structure and is approximately 180m2 in length, with two sides enclosed. It is fitted with electric lights, sound system, spectator seating and Judge’s box. This facility is unique, as it offers all-weather schooling and is the epitome on an equestrian’s wish list. However, for the Investor, it also offers an amazing opportunity to convert the existing structure into a warehouse, factory, conference centre, nursery or anything else that may suit your requirements.
For the horse owners, there are 13 undercover stables in the concrete structure next to the main arena and 11 outdoor stables. The concrete stables, coffee bar, flatlet, garages, public ablutions and enormous storerooms occupy the area adjacent to the undercover arena. A superb separate three bedroomed cottage is nestled to the right-hand side and has a picturesque setting on one of the larger dams. It offers a peaceful retreat with deck overlooking the dam resplendent with
water lilies and bird life.
On the other side of the dams are the 11 outdoor stables, staff accommodation and three more cottages. These cottages comprise of two, two bedroomed conjoined cottages and a separate new two bed cottage. Current rental from the four cottages and flatlet is approximately R45000 per month. The main arena is hired out for horse shows and events and the livery yard, when in full capacity, also has a healthy return.

All in all, this farm offers a multitude of possibilities for the equestrian who wishes to move further inland from the pending long term disruption of Kassier Road and Shongweni areas. And…for the Investor, the sky is the limit.
The choice is yours.

Features

0
0
4
Pets Allowed
Yes
Exterior
Garages
4
Security
Yes
Flatlet
5
Sizes
Land Size
123,021m²
 
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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

199,358.64

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