13 ha farm in Rayton

R 1 745 000

Bobby Phukuile

RE/MAX-Blue Chip Realty Val De Grace

13 ha farm in Rayton

R 1 745 000

3 Beds
2 Baths
3 Garages
Land Area 13 ha

Investment Opportunity!

Situated around the corner from the Laerskool Rayton. Near to all amenities, N4 and a few kilometers from Bronkhorstspruit.

The land is 13 hectares, with a property of a 4 bedroom, 2 bathroom, kitchen, open plan living area, 3 garages, SQ, and 4 flats of which 1 is a 2 bedroom, 1 bathroom ,kitchen, living area and the other 3 are 1 bedroom, 1 bathroom, kitchen, living area.

The monthly rental estimated is as follows:

4 bedroom house R7900-00

2 bedroom flat R3900-00

1 bedroom flat R2900-00

1 bedroom flat R2900-00

1 bedroom flat R2500-00

R19700-00 per month

The potential exists to subdivide the property into 13 x 1 hectare plots and the portion with the buildings on, will be on 1 of the hectares, giving a monthly income of R19 700-00 and the other 12 x hectares can be sold off.

A conservative estimate of R210 000-00 each per hectare will give a return of R2,400 000-00 and the 1 hectare with the properties on will still give a monthly income of R19 700-00, or can be sold off separately for R1,500 000-00.

Thus the total conservative value of R4 000 000-00.

Asking price is a bargain.

Rayton (also known as Rayton Junction early in its settlement) is a town in North-Eastern Gauteng which started out as a tin shack mining town on the farm Elandshoek. During its boom days the town served the needs of thousands of diggers and prospectors working for the Schiller, Montrose and Dunmore mining companies. A mini diamond rush sparked by Sir Thomas Cullinan's discovery of a kimberlite diamond pipe (which has since been named Cullinan Diamond Mine) nearby is what caused the town to boom.

The original Rayton Junction was laid out along a spur of the main NZASM railway line, which was completed in 1895 to connect the Republic of Transvaal's capital, Pretoria to the port in Delagoa Bay, Mozambique. Officials in the Montrose Diamond Mining Company did the town planning and named the hamlet after Lady Rachel Ray Williston, wife of the company's first manager, Colonel Balliston.

The town's firstand at the time the onlybrick building was the original magistrates office, which dates from this early time. During the Second World War Italian prisoners of war were interned at Zonderwater just north of town, and massive military logistics and supply depots were established between Cullinan and Rayton.

After the war, the Stella Diamond Mining Company bought the land around the town and declared a peri-urban municipality with relatively cheap properties. Rayton's proximity to Pretoria's expanding eastern suburbs allowed steady growth from the 1970s into the latter part of the 20th century. Today, Rayton is a thriving town that serves the need of prison wardens at the nearby Zonderwater Prison, staff at the Cullinan diamond mine as well as the surrounding farming community, with the Willem Prinsloo agricultural museum celebrating the area's rich agricultural history on the farm Kleinfontein. Many settled town residents have found employment in surrounding suburbs of Pretoria.

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Key Property Features

2
Bathrooms
3
Bedrooms
1
Dining Areas
1
En-suite
3
Garages
1
Lounges
1
Storeys
Access Gate
BIC
Fenced
Garden Cottage
Kitchen
Pets Allowed
Scenic View

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13 ha farm in Rayton

R 1 745 000

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