Income-Generating 11.6467ha Agricultural Farm with Rental Units in Cove Ridge

R5,995,000

Cove Ridge East, East London, Eastern Cape

Farm for sale in Cove Ridge East, East London, 116456 m²

Cove Ridge East, East London, Eastern Cape

R5,995,000

Ref:1566621
116456
Type: Farm

Description

This 11.6467-hectare agricultural farm in Cove Ridge East presents a strong investment opportunity for buyers seeking a combination of established rental income, agricultural land, and long-term development potential. The property offers a private rural setting with surrounding mixed-use and township development in the broader area, making it best suited to investors and buyers focused on income generation and land value rather than lifestyle positioning.

A key highlight of the property is its established rental income, currently generating approximately R40,000 per month. The income is derived from multiple existing dwellings on the property, including a main residence as well as additional houses and flats. This makes the farm highly suitable for investors, extended families, staff accommodation, or buyers looking to expand guest rental opportunities and diversify income streams.

The land itself spans 11.6467 hectares and is well suited to small-scale farming and livestock operations. With agricultural zoning in place and open usable land, the property provides both immediate functionality and long-term development potential. The terrain is practical and usable, supporting a variety of agricultural or mixed-use applications depending on the buyer’s requirements.

Water security on the farm is supported by two dams, supplemented by JoJo water tanks, reservoirs, and septic systems servicing the various dwellings. These features contribute to the property’s self-sufficiency and operational convenience across its residential and agricultural components.

In addition to the dwellings, the property includes a range of useful improvements such as workshops, storerooms, garages, carports, horse stables, and a large chicken house, all of which enhance its suitability for farming, mechanical work, storage, or small business use. An outdoor entertainment area with a built-in braai further adds to the lifestyle aspect of the property.

The farm is fully fenced, offering clear boundaries, privacy, and functional land management while still retaining its agricultural character. There is also ample space for future expansion, additional structures, or further agricultural development depending on the buyer’s vision.

Overall, this property offers a rare combination of established income generation, agricultural usability, and long-term investment potential. Whether you are expanding your property portfolio, developing a working farm, or seeking a mixed-use rural investment with multiple income streams, this Cove Ridge East farm presents a compelling opportunity.

Location

Cove Ridge East, East London, Eastern Cape

Data

Object TypeFarm
Purchase PriceR5,995,000
Living Space116456 m²
Plot Size116456 m²
BathroomsN/A
Construction YearN/A
ConditionNot specified
RoomsN/A

Financial Information

RatesN/A
LevyN/A
Special LevyN/A

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