R 4 200 000 | Farm for Sale in Vyfhoek AH

Exclusive Mandate: The real value of this property lies in its position and future development potential. Situated along Potchefstroom’s developing business corridor, close to the N12, this agricultural holding offers an interesting opportunity for investors and developers considering either commercial or residential development. With the current urban edge of Baillie Park and several Residential 2 complexes directly across the road, the property is well positioned to benefit from the area's continued growth. The size of the holding allows for various development possibilities, subject to the necessary rezoning and municipal approvals. Beautiful, mature trees add character to the property and could become an attractive feature of a future development. The property currently accommodates a substantial main house divided into two separate living units, seven rental cottages and a 12 m x 20 m shed enclosed on the sides. The main house offers a total of five bedrooms, three bathrooms, two kitchens, a scullery, laundry room, two large open-plan living and dining areas and a separate braai room. A beautiful swimming pool and outdoor entertainment area currently serve the main house but could also be made available as a communal recreational area for tenants. What makes this investment particularly appealing is the opportunity to earn a substantial rental income while planning its future development. Five of the rental cottages are conventional structures, while two are prefabricated wooden units. Each cottage offers two bedrooms, a bathroom and an open-plan kitchen and living area. All seven cottages are fitted with CityQ prepaid electricity meters, simplifying electricity management. Water is supplied by two boreholes, with an additional municipal water connection that is currently seldom used. Sewerage is managed through French drains, while the property also benefits from a three-phase municipal electricity connection. The seven cottages currently generate a combined rental income of R29,400 per month, excluding upcoming annual escalations. The two units in the main house, presently occupied by the owners and their family, could conservatively generate an additional R10,000 per month, bringing the potential gross rental income to approximately R40,000 per month, or R480,000 annually. This provides a valuable holding income while a purchaser investigates rezoning, finalises development plans and works towards unlocking the property's longer-term potential. An opportunity to secure a strategically positioned property today, with income in place and the flexibility to plan for tomorrow.