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AUCTION

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Monthly Rates
R400

NON DISTRESSED AUCTION - BIDDING TO START AT R1 100 000 DATE OF AUCTION : 15 MAY 2025

The Seller has chosen to make use of Harcourts Auctions' Non-Distressed Auction Platform For Serious Buyers
Submit an offer to stop the auction
- No Buyers Premium
- seller to pay the commission
- Full Finance Options Available
- Offers Accepted prior to Auction Day

This expansive smallholding is ready for a visionary new owner to restore it to its former glory and unlock its full potential. Spanning approximately 3,169 hectares of relatively flat terrain, the property offers a wide range of income-generating opportunities—from agricultural ventures to establishing a country-style restaurant.
Prime Location:
Conveniently located just 1 kilometer from the heart of Richmond and only a 25-minute drive from Pietermaritzburg, the property is easily accessible via the R56 (Ixopo to Mthatha route), connecting seamlessly with the N2. Several combined schools are within a 12-kilometre radius, making it suitable for families or staff accommodation.
Property Features:
• Main Farmhouse:
o 5 spacious bedrooms (in need of renovation)
o 3 bathrooms
o Large lounge and dining area
o Farm-style kitchen with scullery and walk-in pantry
o Traditional veranda offering serene views of the garden and dam (some vegetation clearing required)
• Water Supply:
o A strong borehole producing approximately 3,000 kl/hour
o Pump house fitted with Boorgat Pump AxFlow AQS, compatible with electrical or solar power
• Business & Agricultural Infrastructure:
o A former restaurant and bar structure, featuring both indoor dining and an outdoor veranda, plus a storeroom
o Existing poultry housing for chickens and ducks
o Old structures suitable for cattle and pig farming
While the property requires some TLC and modernization, its scope for development is immense. Whether you’re looking to create a working farm, a hospitality venture, or a combination of both, this is a rare opportunity to craft a lifestyle or business on the edge of town.
Don't miss out on this unique property with vast potential.

Contact us today to schedule a viewing and explore the possibilities that await.

Features

5
3
2
Pets Allowed
Yes
Interior
Bedrooms
5
Bathrooms
3
Kitchens
1
Reception Rooms
2
Exterior
Garages
2
Sizes
Land Size
3Ha
 
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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

R
%

Monthly Payment

11,354.07

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