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Drummond, Drummond, Hillcrest, KwaZulu-Natal
R 17 000 000
DRUMMOND FARM located in close proximity to N3 comprising 37acres of glorious real estate with 6 registered sub-divisions – to be sold as a whole. Currently run as a dedicated Equestrian Centre, there are endless opportunities for conversion to make this farm work for you. The arenas and grazing paddocks whether fibre or grass offer an amazing level platform for any future development. The undercover fibre arena consists of a steel structure and is approximately 120m2 in length, with two sides enclosed. It is fitted with electric lights, sound system, spectator seating and Judge's box. This facility is unique, as it offers all weather schooling and is the epitome on an equestrian's wish list. However, for the Investor, it also offers an amazing opportunity to convert the existing structure into a warehouse, factory, conference centre, nursery or anything else that may suit your requirements. For the horse owners, there are 13 undercover stables in the concrete structure next to the main arena and 11 outdoor stables. The concrete stables, coffee bar, flatlet, garages, public ablutions and enormous storerooms occupy the area adjacent to the undercover arena. A superb separate three bedroomed cottage is nestled to the right-hand side and has a picturesque setting on one of the larger dams. It offers a peaceful retreat with deck overlooking the dam resplendent with water lilies and bird life. On the other side of the dams are the 11 outdoor stables, staff accommodation and three more cottages. These cottages comprise of two, two bedroomed conjoined cottages and a separate new two bed cottage. Current rental from the four cottages and flatlet is approximately R45000 per month. The main arena is hired out for horse shows and events and the livery yard, when in full capacity, also has a healthy return. All in all, this farm offers a multitude of possibilities for the equestrian who wishes to move further inland from the pending long term disruption of Kassier Road and Shongweni areas. And...for the Investor, the sky is the limit. The choice is yours. 5 x Cottage 3 x Dressage Arena 1 x Feed Room 3 x Jumping Arena 24 x Stables 1 x Storage 1 x Studio 1 x Tack Room
Estimated monthly repayment
R 160 536
on a R 15 300 000 bond over 20 years at 11.25%
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Drummond, Drummond, Hillcrest, KwaZulu-Natal
Listed by
Karabo Jones
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