R 37 000 000 | farm property for sale in paarl rural

This 44 ha multifaceted property is located against the Du Toitskloof Mountains on the outskirts of Paarl and boasts superb far reaching rural views across Paarl Valley. Located right next to the busy N1 national as well as the R101 roads, huge marketing prospects exist from millions of vehicles passing by each year (negotiations with a national advertising company are underway). Commercialized by a number of business opportunities, the property has obtained zoning rights with the necessary consent use to operate weddings and functions (2 venues), a restaurant / deli, kids party facilities and a road stall, on-site food processing, a permanent expo as well as an arts & crafts market and the hosting of sporting events (such as mountain biking, trail running, extreme obstacle racing), music festivals, etc. There is furthermore the opportunity to establish a self-storage business with containers for which an offer has been received to operate a joint venture. Another positive aspect is the outstanding water situation. From the 5 boreholes, 3 have no records, while the fourth one delivers about 20 000 liters per hour. The fifth one can provide good quality natural mineral water (small filtering facility, CSIR certification) of at least 100 000 liters per day which proofed useful and reliable during the drought experienced during the 2017/2018 Western Cape water crisis (The owners are in the process of entering into an agreement with a national water bottling company). Additional water is from the local irrigation scheme whereby the property has been allocated the right to 61 hours of water every 10 days with a 110 mm pipeline guided from high up in the mountains to the property. There 3 dams on the farm. Take note there is basically no farming activities taking place at present, but 30 ha can be regarded suitable for cultivation. Accommodation consists of 9 dwellings; all being rented out for which the existing lease agreements are mostly renewable on a 3 monthly basis. There are also 7 labourer cottages. The owners currently manage the property on a part time lifestyle basis, hence the huge opportunity for an energetic entrepreneur to benefit from the foundation laid and to significantly improve the turnover and profitability. The combination of quality farmland, good water, zoning rights, infrastructure and prime location are key factors that contribute to this property's overall value. Registered in the name of a VAT registered CC and sold as a going concern, this property represents a significant investment opportunity. Trading accounts will be made available following a successful formal viewing. Price: R37 000 000 (VAT excluded)