Discover a Unique Opportunity on the Slopes of Paarl Mountain
This stunning farm boasts breathtaking views and sunsets, stretching out to Table Mountain and the Atlantic coast. Ideally situated along the Agter-Paarl Road (R44), the property has a beautiful Tuscan-style cellar building that is easily accessible and visible to tourists and visitors. This makes it perfect for business ventures such as a function venue or restaurant, with existing approval and a liquor license already in place. The property has business rights (Agri 2).
The farm, spanning 34 hectares, has ten hectares of vineyards growing in the ideal Swartland and Oakleaf soils. Currently, five hectares are planted with Shiraz, while the remaining vineyards include varieties such as Cabernet Sauvignon, Mourve`dre, Trincadeira, Viognier, Chardonnay, and Merlot.
The majestic cellar building houses four 12,000-litre stainless steel tanks (included in the sale) and features a 2-bedroom loft apartment and kitchen. Though not currently in full production, the facility has the potential to be revived as a fully operational wine cellar and tasting room.
Water resources are enough for irrigation of vineyards and household purposes, with eight hectares of scheme water, a borehole yielding 14,000 litres per hour (equipped with a 6,000-litre per hour pump), and a smaller borehole producing 1,400 litres per hour (with a 700-litre per hour pump).
Current & potential rental income on the farm includes:
• A main house with 4 bedrooms, 3 bathrooms (1 en-suite), and a double carport, currently rented for R28,000/month (5-year contract).
• A detached one-bedroom cottage, rented at R9,500.00/month.
• A charming cottage with 2 bedrooms and 2 bathrooms, with potential rental of R11,500/month.
• A wedding venue (and loft apartment) +15,000sqm surrounding area with a current rental income of R68,650/month is in place (plus renovations & improvements by the tenant) with a 5-year contract.
• Cellar rental with potential income of R40,000/month.
• Current farmland rentals (13ha) for R26,000/month (current).
• Future farmland rental (3ha) for R6,000/month.
• There is also one staff cottage housing one staff member (not rented to the staff member).
With its prime location and versatile facilities, this property offers exceptional value and endless possibilities.
The property is VAT-registered.
