1 ha Smallholding in Brits

Details

FIVE HOMES. ONE HECTARE. R46,000 A MONTH.A rare income property on 1 hectare with river access, just 9 minutes from Brits town centre. Five separate, fully let homes bring in R46,000 per month, or R552,000 a year, a gross yield of 11.5 percent at the asking price.RENTAL INCOME: The main house 4 bed, 3 bath lets for R16,000, House A 2 bed, 2 bath for R9,000, House B 2 bed, 2 bath for R7,000, House C 3 bed, 2 bath for R9,000 and the granny flat 1 bed, 1 bath for R5,000. That is 12 bedrooms and 10 bathrooms in total. All homes are let unfurnished on 12-month leases with staggered end dates, the last in May 2027.THE HOMES:The main house has a spacious upstairs loft, open-plan living and kitchen, a covered entertainment area, pool and braai, a 3-car garage and a 4-car solar carport. House A has a single garage and a patio with braai, House B a loft-style double garage, and House C a double garage and covered patio. Every main bedroom has an en-suite, and there are 8 garages in total plus the solar carport.LOW RUNNING COSTS, BUILT FOR LOAD-SHEDDING:A top-end solar system supplies all five houses, with Eskom as back-up. A strong borehole runs on a solar pump, and every house has Paloma gas geysers and gas stoves. There are no municipal rates or levies. The only fixed cost is private refuse removal at R1,000 per month.THE SETTING:1 hectare of established garden with river access and a riverside picnic area. Fenced, alarmed and gated, with irrigation. Pet friendly.ALSO SUITED TO A GUEST HOUSE:Five separate homes, a pool and river access also suit a guest house or holiday-rental operation, subject to the necessary approvals. Because the leases end on staggered dates, houses can be converted one at a time.LOCATION:9 minutes to Brits town centre, close to schools and a shopping mall, and about an hour to Pretoria, Rustenburg and Randburg.Private sale. Contact the owner directly to arrange a viewing or to request the full rental schedule.

Location