227 ha farm in Worcester and surrounds

R 58 500 000

Johann Larney

RE/MAX-Town and Country Hermanus

227 ha farm in Worcester and surrounds

R 58 500 000

3 Beds
3 Baths
2 Garages
Floor Area 220 m²
Land Area 227 ha

A phenomenal opportunity.

One of the largest and dominant wine-grape farms in the country.

Existing vines can generate almost R8 million profit p.a. by 2017

Current net profit approximates R6 million p.a.

This highly mechanized farm functions with very little manual 10 labour.

The selling price includes all farming equipment.

The value of this farm is comprised as follows:

-Existing vineyards consisting mostly of prized grapes R 35 million

-Buildings and improvementsR 7 million

-Equipment and machinery R 10 million

-Stock and supplies R 5 million

-Other land R 9 million

TOTAL REPLACEMENT VALUE R 65 MILLION

The estimated net profits of R8 million p.a. by 2017, equates to a Price : Earnings (PE) ratio of 7

This farm can create a genuine global competitive advantage and is a model of efficiency and modern technology.

At a projected 5,000 tonnes by 2017, this farm is much bigger than most.

The production is delivered mostly to export co-ops and provides a strong Rand hedge.

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Key Property Features

3
Bathrooms
3
Bedrooms
2
Covered Parkings
1
Dining Areas
2
En-suite
2
Garages
2
Lounges
1
Storeys
Borehole
Irrigation System
Scenic View
Staff Quarters
Storage

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Johann Larney

Johann

Larney

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227 ha farm in Worcester and surrounds

R 58 500 000

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