Great business opportunity on a beautiful farm in Stellenbosch.

R 19,900,000

Can I afford this?
4 months ago80 views
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General Details
For Sale By:Agency
Description
This beautiful olive farm of 5.14 Ha situated on a hill with an amazing views, on the R304 in a close proximity to the Stellenbosch.
Farm has a four existing buildings: four bedrooms main house and three two bedroom cottages(top cottage, middle cottage and bottom cottage),you can see the plans of the cottages in a section "floor plans"here.
There is an approval for 31 rooms hotel and re-zoning extension has been done and ready to proceed with the building of the spa hotel and function venue of your dreams.
Farm has an electricity up to 32 KVA and it has water. Three existing boreholes for water, PLUS a 20mm Stellenbosch municipal water connection,
PLUS 6 (six) Hectare of class A Stellenbosch irrigation scheme water, plus access to class B Irrigation water if ever required, plus a dam of approximately 1000 Cubes

Rates And Taxes: 750
Levies: 750
Property Reference #: 122

Agent Details:
Anna Green
Anna Green Properties International
Franschhoek, Cape Town

Id Subtitle 1255637671
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Estimated monthly repaymentR 215,658
Total property loan amountR 19,900,000
Total interestR 31,857,850
Total repaymentR 51,757,850
Interest rate at 11.75% for 20 years *
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Anna Green Properties International
Selling for 1 year
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