RIEBEECK KASTEEL / HERMON: Lucrative income stream from quality fruit production

R 17,000,000

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1 year ago1221 views
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General Details
For Sale By:Agency
Description
AGRISELL is fortunate to be able to offer this farming enterprise under an EXCLUSIVE SOLE MANDATE to potential buyers.

Situated on the western bank of the perennial Berg River, this 53-hectare farm is a real gem in this highly sought-after area. A lucrative income is generated from three fruit production sources.

The main farming activity is the production of quality olives, pomegranates and wine grapes, covering about 32,5 hectares of the acreage and securing a constant income with lower risks. The rest of the acreage consists of unplanted irrigation land, fallow land, riverbanks, a dwelling, a shed, parking areas and various roads. The farmland and infrastructure are neat and well-maintained.

The buyer may want to develop the property further to utilize the full potential of the farm.

Rainfall occurs mostly during the winter months and an average of 400 - 500 mm precipitation is measured annually. The prevailing winds are the south-easter during summer and the north-westerly during winter. The daily summer climate is moderate to hot and dry, and winters are cooler with occasional rain. The temperature varies from 33°C in the mid-summer to 20°C during winter. The winter nights are mostly frost free.

The topography consists mainly of slopes and fertile valleys descending towards the river. The arable soils vary from well-drained sandy-loam to sandy-clay, with decomposed, cool shale soil in the higher lying areas.

The fauna and flora are typical of this type of topography and the farming enterprise is fortunate that there are still small antelope and plenty of birds enjoying this habitat. Most of the invasive alien plants and trees on the property have been felled.

Water:
Water and soil are the lifeblood of the agricultural industry, and its success depends on a variety of soil types and the management thereof. Sufficient fresh water for household and farming purposes is extracted from the Berg River, and for household use it is filtered through a purification system.

Irrigation water for the orchards, groves and vineyards are per registered water usage rights in terms of the Water Act of 1998. An application for the validation and verification of water usage rights, for the use of additional irrigation water on the property within the Benede Berg River Irrigation Board water management area, has been submitted to the Department of Water and Sanitation.

Water is pumped directly from the Berg River, using a movable pump, through filters from where it is reticulated all around the property from the booster pump station to the various irrigation blocks.

Water taken from the Berg River for irrigation purposes is 25,6-hectare, at 6,000 m3 per annum. In total the volume of 153,600 m3 per annum is available for irrigation. This water supply is sufficient for the existing groves, orchards and vineyards under irrigation. It is possible to extend the dam for water security.

Pomegranates:
Approximately 12.5 hectares of the acreag...

Property Reference #: CL394

Agent Details:
Jannie Fourie
Agrisell PTY Ltd
9A Kerk Street
Piketberg
7320

Id Subtitle 1167460274
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Estimated monthly repaymentR 184,231
Total property loan amountR 17,000,000
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Agrisell PTY Ltd
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