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Huge Farm With Rental Income & Development Potential
updated on Mar 10, 2026
POA

WEB REF: 763428

Property Summary
  • Selling Price POA
  • Property Type Commercial - Retail
  • Erf Size 89109 m2


Description

ONLINE AUCTION Bidding Start Time: Wednesday 25 March 2026 @ 09:00 Bidding End Time: Thursday 26 March 2026 @ 14:30 Registration is essential by Monday 23 March 2026. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. DESCRIPTION: There are tenants in the flats, not the main house. rental of ±R22,400pm. With the main house would be at least ±R40,000 per month. Leases are currently running on a month-to-month basis, except one still fixed until end of June, ideal investment or for residential development opportunity The property consists of: MAIN HOUSE: • 5 Bedrooms • 2 Bathrooms • Kitchen • Utility room • Dining room • Lounge • Mezzanine room • 2nd Lounge and bar area with fireplace • 2 Built in braai • Indoor pool • Double garage • Outside staff room FLAT 1: • 1 Bedroom rondawel with extension • 1 Bathroom • Kitchen • Lounge FLAT 2: • 3 Bedrooms • 1 Bathroom, plus utility area • Open plan lounge and kitchen • Carport FLAT 3: • 2 Bedrooms • 1 Bathroom • Open plan kitchen and lounge • Indoor deck area with braai • Outdoor deck area • Carport FLAT 4: • 2 Bedrooms Plus extra room off one bedroom • 2 Bathrooms • Lounge • Dining room • Kitchen • Utility room • Carport EXTRAS: • Extra sheds and rooms at the rear of the buildings for extra storage/staff • Camera security system • Motorized front gate • Direct Eskom - single phase (prepaid meters in flats) • BCM water supply • Sewerage on septic tanks x3 Significant development potential with ±150 Erven/Houses, Ideal for lifestyle buyers, investors, or tourism ventures. DETAILS: • Farm no: Farm 1234 Portion 6 • Farm size: 89107m² PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

      Property Address

      Gonubie, East London, Eastern Cape

      Contact Agent(s)

      eMail Agent(s)