Dreaming of owning a farm in the Winelands, but don’t really want to be a farmer? How about this unique opportunity to invest in a 10% share in the stunning 45ha Rhonelands working farm at the cost of R2.5 million, says Nelia Retief from Seeff Tulbagh.
Rhonelands farm has put up five plots of 5000sqm each with the last one still remaining. The farmer will retain the remaining 50%, says Ms Retief.
This last share includes the 5000sqm land as well as an existing 175sqm home with four bedrooms and a 60sqm double garage tucked away under large trees in the established garden, with a developed grove of nut trees (pecan, macadamia and almond), olive, fig, citrus and pomegranate trees. There is also borehole water.
The share also entitles the owner to use the common property. The property however, cannot be bonded as you are purchasing a share in a company, but this is a once in a lifetime opportunity to invest in a farm life that would cost well into the upper millions, says Ms Retief. Whether you are looking for a residential or weekend home, it is ideal.
Tulbagh is fast becoming one of the most sought-after Winelands towns with a busy tourist sector. Prices are still very affordable compared to the other towns of the Boland/Winelands area such as Stellenbosch and Franschhoek.
It is under two hour’s drive from Cape Town, but just an hour from Paarl and Stellenbosch, so you could easily live here and commute for work in the Boland, she says.
The Tulbagh Valley is surrounded by a number of mountains which makes it very scenic, reminding of the Rhonelands Wine Valley of Europe. It is home to a number of wine farms, but also fruit and other crop production. The town is a popular tourist attraction for its historic Cape Dutch properties.
Ms Retief says that people are increasingly noticing the allure of owning property here, from houses in the town to lifestyle and productive farms in the surrounding areas. Lightstone data shows that the property market has remained fairly steady with around 38-40 annual transactions and price growth has been in line with the national and regional averages, making property here an excellent investment.