8.5 hectares farm for sale in Witfontein
Virginia Waters, situated in a developing part of Randfontein, is known for its peaceful setting and strong sense of community.
The local property market has shown consistent growth, driven by increasing demand for affordable housing and convenient access to key amenities and transport routes.
Surrounded by natural vegetation and scenic views, the area offers great potential for residential expansion or subdivision, depending on zoning regulations.
Once a popular wedding venue, Virginia Waters still features beautifully landscaped gardens and elegant structures that could easily be restored to their former charm.
With thoughtful renovations, partnerships with local service providers, and strategic marketing, the property could thrive again as a sought-after event destination.
Currently, the estate generates around R23,500 per month in rental income from multiple dwellings, including two 2-bedroom simplexes, one 3-bedroom simplex, two thatched cottages, a manor house, and several outbuildings.
There’s also an opportunity to earn an additional R7,000 per month once the owner’s unit becomes available.
Overall, Virginia Waters combines strong investment potential with the opportunity to revive its legacy as a picturesque wedding and function venue — a rare and promising opportunity not to be missed.
The local property market has shown consistent growth, driven by increasing demand for affordable housing and convenient access to key amenities and transport routes.
Surrounded by natural vegetation and scenic views, the area offers great potential for residential expansion or subdivision, depending on zoning regulations.
Once a popular wedding venue, Virginia Waters still features beautifully landscaped gardens and elegant structures that could easily be restored to their former charm.
With thoughtful renovations, partnerships with local service providers, and strategic marketing, the property could thrive again as a sought-after event destination.
Currently, the estate generates around R23,500 per month in rental income from multiple dwellings, including two 2-bedroom simplexes, one 3-bedroom simplex, two thatched cottages, a manor house, and several outbuildings.
There’s also an opportunity to earn an additional R7,000 per month once the owner’s unit becomes available.
Overall, Virginia Waters combines strong investment potential with the opportunity to revive its legacy as a picturesque wedding and function venue — a rare and promising opportunity not to be missed.
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While every effort will be made to ensure that the information contained within the Fine Home Property Group website is accurate and up to date, Fine Home Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
