R26,000,000
Situated in the Breede river Valley, this prosperous Olive Estate, with a professional designed olive and oil factory, offers a unique opportunity.The 237,8 ha farm offers 90 hectares of well-established olive trees under permanent drip irrigation. A further 20 hectares is ready to be further developed with more olive trees. The rest of the farm consists of 130 ha mountainous area and 18 ha buildings, dams and fallow land. The soils on the property are largely sand with some stone on the southern side of the farm, the mountain side has a higher clay fraction. Olives require well drained, well aerated soils, the subject property is therefore well suited to olive production. The farm has ample water supply from three earth dams with a total capacity of 131 000 cubic meters. The catching dams are filled from the Hexriver irrigation canal. Two boreholes of which one produces 6000 litres per hour and the other 2000 litres per hour. Water use rights and certification with Hexriver / Worcester East water scheme.The olive trees:For olive productionKalamata 14.500 treesMission 4,500 treesManzanilla 4,500 treesFor oil productionBeruni 1,053 treesLechin 1,053 treesAge of trees:23-26 years 23,906 trees (93%)16-17 years 500 trees (2%)4-6 years 1200 trees (5%) The main dwelling on the farm is a large, part double story dwelling, of brick construction plastered and painted with a corrugated asbestos sheet roof and tiled floors. Set in a well-established garden with a swimming pool. Accommodation includes 6 bedrooms (carpeted), 3 bathrooms, television room, lounge, open plan dining room and kitchen, scullery and pantry. There is a double garage.The second house is a single storey, of brick construction and painted, under a corrugated sheet roof with insulation on wooden beams, led throughout. Accommodation includes 3 bedrooms, main en-suite, 1 bathroom, open plan lounge, dining room with a fire place and kitchen and scullery. A flat adjoins the factory and comprises a two bedroomed flat with open plan living and kitchen area.There are four cottages on the farm which are leased out. They are of brick construction plastered and painted with corrugated asbestos sheet roofs on wooden trusses. Accommodation includes two bedrooms, a bathroom and open plan living area.The large out building comprising several areas. Of brick construction plastered and painted with corrugated sheet roof on wooden trusses. The function area comprises a large function room with picture windows looking out to established gardens, a restaurant, various seating areas, kitchen, ablution facilities and some staff accommodation (flat). The restaurant has previously cateredto the local market. The lease on this facility has expired and it is currently closed.Although the function venue can accommodate up to 150 people the functions are usually smaller.Near the function venue there is a single stable with a small paddockThere is small church on the property of stone construction with a corrugated sheet roof on wooden trusses and stained glass windows. The church can seat approximately 120 people.The approximately 800 m2 factory comprises a steel framed building with concrete floor and IBR sheet roof comprising three sections. The main factory area with tank storage for olives, production and packing area. Accommodation includes factory, storage, packaging and processing area and workshop. The factory is fully equipped for the production of pickled olives including large fibre glass and plastic storage tanks for the olives. All the necessary processing and packaging equipment is in good working order. Steel framed building with insulated ceiling and wooden windows. Adjoining the factory, includes tiled reception area, two offices, ablution facility and small kitchen.Six staff houses of brick construction with corrugated iron roofs on wooden trusses. These houses each consists of two bedrooms, a living room, a kitchen and a bathroom.The owner is VAT registered and sold as a going concern at 0% VAT for R 26 000 000.00
