An exceptional opportunity presents itself with this immaculate mixed-use property on Mantevrede Street, Mantevrede AH, overlooking the serene Vaal River. This unique estate combines residential comfort with significant commercial potential, making it an ideal investment for those seeking both luxury living and a lucrative income stream.
The property features a spacious three-bedroom house, perfect for comfortable living. The main house boasts a tiled lounge area and a separate dining room, with a fully fitted kitchen offering ample built-in cupboards. The bathroom is thoughtfully split into three sections: one with a bath and basin, another with a shower, and a third with a toilet. Each of the bedrooms is well-sized, and one includes large built-in cupboards as well as its own entertainment area.
In addition to the main residence, the property includes an impressive main building designed for commercial use. It features three bedrooms, each with unique amenities: one has a private lounge and entertainment area on the balcony, while the other offers direct access to the outdoors through sliding doors. The building is equipped with two guest bathrooms and toilets for convenience. There are two kitchens: one with built-in cupboards and tiled floors that needs minor attention, and a second fully equipped industrial kitchen, perfect for large-scale food preparation.
Entertainment options abound with two bars, each boasting their own deck that provides stunning views of the Vaal River. The property includes two indoor dining areas and two outdoor dining areas, offering versatility for various dining experiences. A large living area, complete with space for a pool table, enhances the property’s appeal as an entertainment venue.
The outdoor space is just as impressive, featuring a beautifully landscaped garden with a large koi pond, adding to the tranquil ambiance. There are multiple outdoor braai areas along the riverfront, a large sparkling pool, and ample secure parking, including two garages. The property is well-secured with a remote access main gate, 24-hour guarding, and a comprehensive CCTV system.
Additional features include a well-point and an irrigation system to ensure the garden remains lush and well-maintained. Plus the property has a borehole. The property, set on a 2.3ha erf with rates and taxes approximately R6,000 per month, is ideal for investors, with a huge potential rental income of R130,000 per month and the advantage of being vacant on transfer.
Located in the heart of Mantevrede AH, this property benefits from proximity to essential amenities. Residents and guests can enjoy easy access to nearby shops, restaurants, and recreational facilities. The Vaal River itself provides numerous leisure activities, from boating to riverside picnics, enhancing the appeal for both permanent residents and short-term guests.
“This stunning mixed-use property, combining residential elegance with commercial viability, represents a unique investment opportunity. With its strategic – yet stunning – location and versatile layout, it offers significant returns for investors. Don’t miss your chance to own a piece of prime real estate in this desirable location,” remarked Tanya Jovanovski, Franchisee of Rawson Auctions in Western Cape.
The property will be going on auction on 26 June, 2024, at 12pm. The reserve price is set at R13,000,000, with an expected opening bid of R12,000,000. However, all offers will be reviewed, so please don’t hesitate to bid.
Contact Tracy-Lee Neychens, on 066 424 6227, to arrange a viewing or gather further information. Alternatively, get in touch with our Principal Auctioneer Tanya Jovanovski at 079 980 3457.
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Exchange Rate: The changes of the exchange rate from US$ to South African Rand will bring challenges to importers but offers a huge opportunity to export South African products with a competitive price. It also encourages South African to source products in South Africa and will increase the production here.