Farm For Sale in Paarl

Property description

This largely undeveloped farm outside Paarl towards Franschhoek covers an area of 23 ha and is accessed via a tarred road. In close proximity to the prestigious Pearl Valley Golf Estate and the premier Val de Vie Polo venue/ luxury residential development, this farm is surrounded by majestic mountain ranges and natural beauty for which the Cape Winelands is renowned.
While 5,7 hectares have been established with wine grapes (trellised and under drip irrigation), the remainder of the property consists of undeveloped arable and irrigable land. There is furthermore an underground irrigation system of PVC distribution lines covering an area of approximately 8 ha. It is an opportunity for the new owner to farm with any crop of his choice. The topography can be described as flat.
The property borders the Berg River which is the source of a 22,6 ha water entitlement, extracted by means of a permanent installation consisting of an Eskom powered 60 Kw motor and centrifugal pump. The allocated water rights equate to 90 400 cubic meters of water per year. For the size of the farm, the allocated water rights is no doubt a positive aspect which will appeal to a prospective farmer who would want to put the entire farm under irrigation.
Building infrastructure includes a main dwelling of 323 square meters (in need of general maintenance), a garage (in need of attention), a 380 square meters workshop as well as 4 dilapidated labourer cottages. With no permanent labourers residing on the property, the new owner could revamp these empty standing cottages and develop it into income generating apartments. The property is currently let on a 3 months' notice period (negotiable).
Equestrian lovers will find this property ideal to create paddocks, stables and arenas.
If you are looking for a good address on a well-located farm with excellent water rights and the opportunity to do your own thing on irrigable land, then you are on to a good start. The seller is a VAT registered entity.
Price: R24 000 000 (VAT excluded)