Property
South Africa

7

Beds

5

Baths

1

Parking

85 m²

Floor area

85,000 m²

Stand size

Farm 7 beds 5 baths 85 m²

About this property

A remarkable 8.5-hectare property on the R555 near Witbank, offering a unique blend of residential living and thriving business opportunity. The estate features two residential units: a 4-bedroom, 2-bathroom main home with open-plan living, braai room, study, and double garages; plus an attached 3-bedroom, 2.5-bathroom flat with its own study and TV room. Additional income-generating infrastructure includes a fully equipped auditorium complex perfect for events, conferences, and church services, with a welcoming carport and equipped kitchen. Four two-bedroom and two three-bedroom flatlets are currently fully rented, generating R43,000 per month. The auditorium can be rented for R20,000 monthly. The working farm includes 4 hectares of arable land, 3 equipped boreholes, JO-JO tanks, 4 storerooms, servants' quarters, and a functional shed for livestock. The property boasts river frontage and is ideally positioned as both a peaceful lifestyle property and a ready-made hospitality or community venture.

Rooms & layout

Bedroom × 7
Bathroom × 5
Kitchen
Lounge
Dining Room
Room × 7
Study × 2
Double Garage
Storage × 4

Features & amenities

River frontageBraai roomDouble garageStudyBoreholesJO JO tanksArable landAuditoriumCarportEquipped kitchen

Price & ownership

Asking price R 21 900 000
Price per m² R 257 647
Municipal valuation -

Cost to buy (indicative)

Purchase type is not confirmed below. Transfer duty is estimated for a standard resale (not a VAT-inclusive developer or vendor sale). Check with the agent.

Upfront split

Property price R 21,9M
Taxes + legal + admin fees R 2,5M

Rough split: 89.6% purchase price, 10.4% buying costs.

  • Asking price R 21 900 000
  • Transfer duty (est.) R 2 358 156
  • Deeds Office (transfer) R 7 751
  • Conveyancing (est., incl. VAT) R 176 610
  • Deeds lodgement R 52
  • Total indicative R 24 442 569

Estimates from SARS transfer duty tables, Deeds Office–style fees, and LSSA conveyancing guidelines. Not financial or legal advice. Confirm with your attorney. Duty uses the higher of price or market value.

Table ref: sars_2025-04-01

Bond Calculator

R 206 808 /month

Total paid over 20 years (deposit + repayments): R 51 824 007

Deposit 10% · R 2 190 000
Loan term 20 years
5 yr 30 yr
Interest rate 11.25% p.a.
5% Prime ~11.25% 20%

Monthly repayment vs interest rate (deposit fixed at 10%)

Monthly repayment vs deposit percentage (rate fixed at 11.25%)

Indicative estimate only. Loan of R 19 710 000 over 20 years at 11.25%. Speak to a bond originator for a formal quote.

R 21 900 000