48Ha Farm For Sale in Paarl Rural

R21,500,000

1 Du Toitskloof Road

Monthly Bond Repayment R218,274.22
Calculated over 20 years at 10.75% with no deposit.

Web Ref No RL46610

Mountain lifestyle farm for sale, Paarl

Mount Splendour is a 48ha, income earning lifestyle farm situated on the north-westerly slopes of the Drakenstein Mountains, just three kilometres outside Paarl. Its position affords it the most magnificent vistas across the valley of Paarl and the beautiful mountain slopes around the farm. Rural but not out of reach, all amenities for comfortable living - shops, schools, restaurants, hospitals - are ten minutes away, while Cape Town, Stellenbosch, Franschhoek and Wellington are not more than 40 minutes away. The access road that passes by the farm gate is tarred.

Plantings on the farm consist of about 4ha of old Chenin Blanc bush vines and a small olive grove. The Chenin Blanc grapes are being pressed by a tenant winemaker and made into wine.

The property’s water supply comes from two boreholes, a spring and a winter-flowing stream, pumped to a number of holding tanks. From here the water is piped via gravity to the houses. There are an additional number of old cement reservoirs, some still in use.

Electricity is supplied from both Eskom and solar installations.

The farm’s expansive accommodation infrastructure has a good rental income and comprises:

* a spacious, 3-bedroom main house (owners’ residence) with open plan kitchen, living and dining areas leading to a patio, swimming pool and double garage, all enclosed with electric fencing. The views from here are stunning.

* an 80 m² shed with mezzanine floor

* wine cellar of about 80m²

* a 1-bedroom, 1-bathroom flat above the wine cellar (rented out)

* a 2-bedroom, 1-bathroom cottage with a swimming pool (rented out)

* a 1-bedroom, 1-bathroom mountain cabin/ cottage situated separately and enclosed with an electric fence (rented out)

* a newly constructed apartment building situated high up in the mountain with a communal swimming pool and braai area, enclosed with electric fencing. This building comprises:

* 3 x 2-bedroom, 2-bathroom apartments (rented out)
* a 1-bedroom, 1½ bathroom apartment (currently for owners’ use)

All infrastructure on the property has either been renovated or newly built within the last five years.

This opportunity is for sale as a going concern at R21 500 000.

Features

Bedrooms 3
Security Yes
Bathrooms 3
Flatlet 6
Recep. Rooms 2
Floor Size 300m²
Garages 2
Land Size 48Ha
Carports/Parkings 10
Pool Yes
Pets Allowed Yes