Flat or house share student accommodation in Wellington

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R 20,000,000

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This 30 ha property, exclusively presented, is located conveniently close to Wellington, offering a rare chance to capitalise on a farm that promises huge opportunity.The farm borders the Berg River from which water is extracted for irrigation purposes. The allocated water use rights is for 28,4 ha. Vineyards of different cultivars cover 19,5 ha which were established between 1979 and 2002. Grapes are delivered to a local well-known wine cellar. Cellar shares are included in the price. The fruit enterprise consists of 1 ha of pears and 1 ha of plums. These orchards are old and fruit is not being delivered to the fresh market as previously. Instead, the owners have a small distilling kettle on the farm and distil different types of liquor just for own consumption from the pears, plums and a small volume of grapes. The approval of a liquor licence is currently underway. Selling the final product directly from the farm would thus be possible in future. There is furthermore approximately 1 ha of roses of the fragrant centifolia variety from which the owners produce rose water and other homemade products. Although just for own consumption currently, the new owner would have the opportunity to expand and commercialise this enterprise.Three hectares of fallow arable land await the new owner for further planting.The first residential unit boasts a spacious 4 bedroom dwelling from which the owners have very recently started to operate it as a guesthouse/B&B facility. The 2 main airconditioned bedrooms have en suite bathrooms. The other 2 bedrooms are on a mezzanine level of which each features an en suite bathtub and separate toilet. Then there is a guest restroom, kitchen and open plan lounge/living room for comfortable living. The kitchen is equipped with a gas stove, electric stove and double-door fridge. The second residential unit, considered the main residence, consists of a 3 bedroom/ 2 bathroom (main bedroom en suite) dwelling. Additional accommodation is in a separate nearby cottage (restored barn) which has 1 double bedroom and a single bedroom, each with private bathroom and toilet. The dining room offers kitchenette facilities. Outbuildings are made up of an open shed, a store room and 5 labourer cottages.A borehole supplies drinking water.Astute buyers will see opportunity to capitalise on the land and water assets. Not to overlook are the opportunities for hospitality ventures where the beauty of countryside living can be appreciated.Registered in the name of a VAT registered company, this property is the only asset in the company and this deal is on offer for the new owner to buy all the shares in the company and thus avoid paying transfer duty.Now is the time to seize this opportunity, marketed under a SOLE MANDATE. Price: R20 000 000 (VAT excluded)Property Reference #: RL5864Agent Details:Gerrit van HeerdenHome and Hectare43b 6th AvenueWalmerPort Elizabeth

Home and Hectare

Wellington