21 ha Land available in Schaap Kraal

21.063 Ha Vacant land in agriculture rich Schaap Kraal.

Going on Auction: Wednesday 26 June 2024

Reserve Price: R16 500 000.00 (All offers will be reviewed)

Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

Just listed! Rawson Auctions National is offering four vacant plots adjacent to each other with a total of about 21ha in the close surrounds of PHA (Philippi Horticultural Area). The ability to farm in this area is richly underpinned by the fact that this area is located on a large aquifer. The PHA provides almost 80%v of Cape Towns fresh produce. The areas agricultural activities are said to generate R484m of economic output annually.

Nb. At present a farmer is renting at R24000.00 per month on a month-to-month basis. His current crops and harvests are cabbage, cauliflower, broccoli, carrots, onions, potatoes, baby marrow, spinach, leaks, and celery. To confirm the tenant and seller has an agreement for 6 months notice period from date of signature of acceptance of an offer.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A Reserve Price is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the propertys market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.