7 Bedroom farm for sale in Paarl Central

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  4. Web Ref: 1076403
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Property Features

ERF Size 5.574 ha

Interior Features

7 Bedrooms
1 Reception Room
4 Dining Rooms
1 Study
2 Flatlets
4 Bathrooms
4 Family Rooms
4 Lounges
3 Store Rooms

Exterior Features

1 Garage
10 Parking Spaces

Exceptional investment opportunity in a beautiful setting

This must be one of the best investment-farms in the Paarl region. With a beautiful setting, on the foothills of the Drakenstein Mountains, this agricultural property has a solid income stream generated from the outbuildings, ranging between residential and commercial properties - the current monthly rental income being approx. R75,000.

There are 4 x residential homes, 7 x labourers cottages, office buildings, industrial buildings, all rented out to individuals and local businesses.

* Main House: 485sqm (5 bedr, 4 bathr, living areas)
* House 2: 220 sqm (2 bedr, 1 bathr and large swimming pool).
* 2 x Cottages (156sqm and 127sqm – 2 bedr, 1 bathr each)
* Apart from the above residential units, there are another smaller flat and dormant offices which can attract even more additional income stream.
* Store (Industrial building): 1350sqm – divided into 4 units
* Additional store rooms

The agricultural part of the farm offers the following:

- 1711 Olive trees (18 years old)
Sevillance x 2
Kalamata x 111
Mazanzilla x 59
Kulitvar x 115
Mission x 1424

- 966 Guava trees (8 years old)
Irrigation is in place, being fed by a large earth dam with servitude in place

Borehole 1 is supplying water to all the homes and outbuildings (18 000 litres per hour)
Borehole 2 is brand new, but not equipped (yet) - this borehole was tested at a safe yield of 48 000 litres per day.

The farm is registered in a company which does not attract transfer duty or VAT when sold to a VAT vendor entity. The Seller has indicated that the company can also be bought.

Contact your Sales Partner to view this property by appointment.

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*based on purchase price at Prime over 20 years

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