invest in unspoiled beauty

financial details:

  • 4 x 15% shares available @ R 360 000
  • Bond free CC with no loans, outstanding taxes or other encumbrances (remaining bond to be settled from proceeds of sales of shares)

improvements:

  • 110 sq m cottage with 2 bedrooms, 2 bathrooms, open plan kitchen living area, covered veranda with built in fireplace
  • Fully furnished, equipped kitchen, cutlery, crockery, sound system, dish washer, 50” flat screen TV and DSTV, 2 double beds 1 single, bunks for 3 children (sleeps 4 adults and 4 kids comfortably)
  • Bunkhouse store with additional bathroom/shower
  • Camping site at the vlei with deck, bathroom and kitchen/braai area
  • Borehole, Eskom power
  • Fencing
  • Well established 1 hectare garden

monthly expenses:

  • Sunny (Groundsman) R 1 500
  • Eskom R 2 500
  • Cleaner R 1 600
  • Social media/advertising R 1 000
  • Maintenance R 2 000
  • Reserve R 1 000
  • Book keeping/ AFS  R 500

Total R 10 100

Monthly levies per 15% share  R 1 500

rentals:

  • The property will be available and actively marketed for rentals on all weeks not taken up by owners. Revenue after 20% rental commission and 15% contribution to wear and tear would be paid directly to respective owner. Local area specialist advise we could achieve a daily rate of  R 1500 plus more over high season. The camp site could achieve R 500 per night.

development:

  • No guarantee is given on further development rights to the land however reputable local town planners believe we could build at least one other main dwelling and two outbuildings.
  • Further development is not planned in the short term. Some of the proceeds from the sale will be used to make improvements to existing buildings, new bunkhouse, development of the grounds and campsite/fishing/boating site alongside the existing jetty and small dam on the vlei.
  • As members of the CC we can consider all opportunities downstream that match our vision for the property.
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