R15,000,000
This property covers an area of 19,7 ha (2 title deeds) and is located a 10 minutes’ drive from Grabouw village in the picturesque Elgin Valley. The area offers excellent farming, tourism and business opportunities.The main homestead of 530 square meters (4 bedrooms, 2 bathrooms) is in need of renovation and modernisation, but has a beautiful setting and is shaded by an old oak tree. The outbuildings also need upgrading and consist of an 80 square meter cottage (2 bedrooms), a shed (300 square meter), 3 store-rooms, a staff rest room as well as 2 adjoining labourer living units.From the 6 ha under profitable apple production (Granny Smith, Golden Delicious, Top Red), about 3,9 ha will have to be replaced within the next 5 years. Another 8 ha of fertile soil is lying fallow at present. The farm has been allocated sufficient water rights from the local irrigation scheme to irrigate the entire farm. The property also has an earth storage dam while domestic water is sourced from a borehole. Another 2 boreholes have fallen into dis-use.Electricity is supplied directly from Eskom via 2 transformers on the farm. No labourers will be on the farm when the new owner takes occupation. He will however have to invest in new machinery and equipment. The current owner is not registered for VAT.The potential is enormous on this farm which could be developed into a true gentleman’s estate with a healthy profit to be made i.e. fruit, vineyards, exotic fruit, green houses, tree nursery, fish, vegetables, lucerne, flowers, horses, pastures, B&B, weekend cottages, restaurant, guest lodge, boutique hotel. Price : R15 million
