Monthly Bond Repayment R572,672.71
Calculated over 20 years at 11.5% with no deposit.
Web Ref No RL5582
A TAILOR-MADE DIVERSIFICATION OPPORTUNITY
On the Bottelary road outside Stellenbosch you will find this 19,6 ha property. Having functioned as a fully operational wine cellar facility for many years, a wonderful opportunity has arisen for a new owner to repurpose the entire property. The existing bulk wine storage tanks are in the process of being sold, leaving the approximately 6 500 square meters under roof open to other exciting possibilities. The mixed use zoning allows for agriculture with consent use for a winery. The strength and stability of the building structure is still sound after dealing with aging and the elements of nature. Other separate buildings and additional infrastructure include a manager's house, an office building, several dilapidated labourer cottages, a storage building, a dam for pumping water to the cellar and another dam into which waste water gets stored before spraying it onto the adjacent fields. There is furthermore a three phase Eskom electricity point. Water is supplied by the local municipality. Water for cellar use is stored in one of the dams with allocated rights of 16 000 cubic meters per annum from the Theewaterskloof Irrigation Scheme. Consisting of 2 title deeds (4,3 and 15,3 ha) and situated in an area where the economic footprint expands rapidly, this property has the ideal location to maximize potential. The seller is a VAT registered entity. Price: R53 700 000 (VAT excluded)