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

Cove Ridge East, East London, Eastern Cape

Farm

ZAR 5,995,000

• 116,456 sqm
• 116,456 m² plot

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 var…