Farm for auction in Philippi, Cape Town

R8,000,000
  1. Web Ref: 1091928
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Property Features

ERF Size 14.000 ha
Rates R580

Huge vegetable farm on 13.8 hectares.

Going on Auction: Wednesday 24 March 2021
Reserve Price: R8 4 00 000.00 (All offers will be reviewed)
Expected opening bid: R8 000 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

HUGE VEGETABLE FARM WITH LOADS OF POTENTIAL
This property is sold as is with a three-bedroom farmhouse. The current fields are under irrigation. There are
two dams as well as two boreholes. The farm is ideal for vegetable farming..

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.

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*based on purchase price at Prime over 20 years

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