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Hankey, Hankey, Hankey, Eastern Cape
R 1 095 000
Unique Double Erf Property with Cliff-Edge Views and Income Potential – Hankey, Eastern Cape EXCLUSIVE SOLE MANDATE Positioned in the heart of Hankey, just minutes from the thriving citrus hub of the Eastern Cape, this expansive property presents an exceptional investment opportunity with remarkable income-generating potential. Set on a large stand, the property features multiple buildings, making it ideal for those looking to capitalise on rental demand in this growing agricultural region. This remarkable property offers privacy, stunning mountain views, and multiple income opportunities, all perched on the edge of a cliff in Hankey. The double-story thatched main residence is designed for comfortable living and future expansion: Downstairs: Open-plan kitchen and dining area, lounge, one bedroom, study (convertible to a bedroom), and two bathrooms. Verandah with built-in braai perfect for entertaining. Upstairs: Unfinished space ready to become a luxurious master suite with large bathroom. Additional spare bedroom. Security: Alarm system, secured gates, razor wire, spikes, security doors, and partially installed clear security bars. Additional Buildings & Income Opportunities: Two-Bedroom Flat: Lounge, kitchen, bathroom, two bedrooms, front and back gardens. Large Studio: Separate kitchen and bathroom, small front garden, plus rear section. Each unit has independent gate access and parking, offering excellent rental income potential. Garage/Workshop: Large two-door garage with two attached rooms—one with potential to convert into a third rental unit. Outdoor Features & Gardens: Swimming Pool: Needs repairs and paving; includes its own toilet. Main Garden: Established with many trees and plants, requiring some TLC. Orchard: Abundant variety including fig, guava, litchi, orange, lemon, mulberry, banana, paw paw, and more. Vegetable Garden Potential: A separate section accessed from the back of the house, currently housing a pet pig and chickens. Additional Notes: The thatch roof has been patched; a full replacement (~R40,000) would be beneficial. Painting and minor renovations have begun, with all paints and supplies included in the sale. Priced for a quick sale as the owner plans to return overseas. Property is sold AS IS. This property is ideal for a family seeking privacy and space, an investor looking for rental income, or anyone wanting a scenic retreat with endless potential. At this price, why hesitate.
Estimated monthly repayment
R 10 340
on a R 985 500 bond over 20 years at 11.25%
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Hankey, Hankey, Hankey, Eastern Cape
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Liivra AI market value
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Listed by
Sizwe Zuma
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