R10,550,000 | 12Ha Farm For Sale in Paarl Rural

Located off the R45 road outside Paarl towards Wellington, this 12 ha farm also borders the Berg River. The property has been allocated 11 ha of water rights from the local irrigation board. The total volume is 55 000 cub meters of water per annum. Water for domestic use is drawn from an equipped borehole. With water aplenty and almost 8 ha of arable land, the new owner has the option to farm with the agricultural enterprises of his choice.
A substantial building infrastructure is evident: 5 x 3 bedroom/2 bathroom houses; 2 x 2 bedroom/2 bathroom cottages; 2 x 1 bedroom/1 bathroom flats; 2 sheds; 3 old stables; 4 labourer cottages (occupied); a store room and a workshop. A monthly income of R32 000 is achieved by renting out 6 of the 9 residential units. There is potential for the new owner to expand the monthly rental income base.
The farm presents wonderful views of the nearby mountains.
Given the many opportunities the farm has on offer, this could prove to be a useful future investment. The seller is a VAT registered entity.
Price: R10 550 000 (VAT excluded)