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R49,000,000

Monthly Bond Repayment R472,860.61
Calculated over 20 years at 10.0% with no deposit. Change Assumptions

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Exceptional agricultural and hospitality farm near Prince Albert

Approximately 1600 hectares in extent, this exceptional agricultural and hospitality estate is near the hamlet of Klaarstroom and a mere 35 kilometres away from the quaint town of Prince Albert. With daily flights from Cape Town or Johannesburg international airports, it is a relaxed 90-minute drive from George Airport.

Founded in 1841 on two separate titles, the entire southern boundary of the property is adjacent to the pristine Swartberg Nature Reserve. Agricultural activities are numerous and include 16000 olive trees over 25 irrigated hectares, with cultivars suited to the Karoo climate. The estate has its own imported olive press and associated cellar equipment, and a boutique range of products in addition to the olive oil, are produced under the estate's own label. There is approximately seven hectares of grazing from lucerne pastures and winter crops and fruit trees include peach, pomegranate, lemon, apple, pear and guava, and there are a number of table grape vines. The estate enjoys an abundance of water supplied from the Groot Rivier source in the mountains above the property, and the water is stored in seven dams. The water reticulation system has been completely restored and refreshed and includes gravity trenches. Electricity is supplied by ESKOM and also via two independent 80KW sources. Agricultural and related equipment is stored in one of two restored barns.

Accommodation is provided in numerous elegantly decorated buildings, the most notable of which are two immaculately restored and preserved Victorian homesteads. Each has been sensitively modernized and upgraded, while still retaining their respective heritage footprints. These two exquisite homes have been furnished and decorated to an exacting standard and each enjoys expansive living and entertainment areas with superb flow to terraces, verandas and private swimming pools. Bedrooms and bathrooms are opulent and tasteful.

Additional accommodation is provided in five executive cottages with one or two-bedroom configurations, each with its own kitchen, fully stocked and equipped to the highest standards. These self-catering units enjoy high levels of occupancy from a discerning clientele who enjoy and appreciate a luxurious get-away destination offering absolute privacy and total relaxation. Leisure activities include birding, hiking, cycling, stargazing or simply complete relaxation.

The property, which could easily be developed further into a retreat or wellness centre, is sold as a going concern and is VAT registered.

Features

15
13
Pets Allowed
Yes
Interior
Bedrooms
15
Bathrooms
13
Kitchens
10
Exterior
Security
Yes
Sizes
Land Size
1,178Ha

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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

Income

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Expenses

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%
Joint Total Income
Joint Total Expenses
Joint Available Income
 

MONTHLY REPAYMENTS

 

LOAN AVAILABLE

R
%

Monthly Payment

472,860.61

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