7 ha Smallholding in Nelspruit Central

A great opportunity for the right buyer to move away from town into the scenic countryside. This 7ha smallholding, situated 12km from Nelspruit on the Uitkyk Road past Steiltes, has a lot of potential for a buyer with capital to do renovations and sink a borehole. It is one of the better properties on sale in this price range. Three 2-bedroom cottages and one 3-bedroom house currently generate a rental income of around R19000pm including utilities. Rates and taxes are low, around R400 p/m. The Eskom 3-phase electricity account is about R6000-R7000 per month, and there are electricity meters in the houses. Tenants buy electricity units from me, and the meters allocate the units. The selling price has been slashed due to very little water. Although there is a borehole, the water table is very low. Water is delivered from town by a contractor for R1800 per 18000L. Water meters at each house control the water usage. This property would suit a cash buyer who is able to do their own property improvements and maintenance. I'm selling the property as is, without approved house plans or borehole certificate. The reason for selling is that I live very far away and can't maintain the place anymore. No agents. No auctions. WhatsApp or email only due to spam calls.