PRINCE ALBERT: Karoo farm experience

R 6,500,000

Can I afford this?
8 months ago634 views
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General Details
For Sale By:Agency
Description
Situated on the Eastern boundary of the quant little town of Prins Albert, this 14.81-hectare prime olive production farm boasts stunning views onto the mountain ranges.

Given the fact that an income stream is already generated on this small working farm, together with the excellent location, fertile alluvial soil, quality water and a private, safe, and secure area, this property offers an exceptional lifestyle.

The olive grove consist of Frantoio, Falvalosa, Coratine, Kalamata and Mission trees.

The new owner can use the olives for own consumption or sell them. The owner of the olive plant close-by, is prepared to prune, harvest and buy in the fruit under contract.

Water usage rights are registered with the Kweek Valley Irrigation Scheme. A duly equipped borehole supplies water that is stored in a concrete reservoir. Water is pumped directly from the earth dam into the well-maintained micro-sprayer-irrigation system. Ample quality soil and water is available to maintain a lush vegetable garden that can yield a large variety of farm fresh produce.

Horses will also do well here!

There is no building infrastructure, but various spots have been identified for building an exceptional house where the owners can delight in country comfort and escape to an authentic Karoo atmosphere.

Eskom is available.

Farming infrastructure consists of a neatly maintained mature olive orchard as well as fallow land. The area is widely renowned for its delicious olives and quality olive products.

For sale at R6,500,000 excluding VAT. It is possible to structure the transaction for the farm to be sold as a going concern at 0% VAT.

Property Reference #: CL562

Agent Details:
Marco Myburgh
Agrisell PTY Ltd
9A Kerk Street
Piketberg
7320

Id Subtitle 1232023209
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Estimated monthly repaymentR 70,441
Total property loan amountR 6,500,000
Total interestR 10,405,831
Total repaymentR 16,905,831
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Agrisell PTY Ltd
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