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Northern Cape farm for sale, offers from R400m

23 May 2016

An exceptionally rare agricultural property of just over 1 119ha, about 65% of which is under irrigation and located in a prime area on the banks of the Orange River with water rights - has come onto the market in the Hopetown area in the Northern Cape.

Set against the Orange River - with water rights - this 1 119ha farm close to Hopetown in the Northern Cape offers a unique investment opportunity. It is on the market with from R400 million - click here to view.

According to Thinus and Estie Schutte, Seeff agents who are marketing this exclusive property, it is an excellent investment opportunity. It is a successful existing farming operation with 795ha arable land - most of it under irrigation - along with cattle worth about R1 million.

The property comprises ten portions, and of the just over 1 119ha, 734.53ha is under irrigation but this can be extended to 795ha. The remainder comprises veld.

The farm has water rights from the Orange River, one of the most sought-after water sources in the country, along with Eskom power.

The agents say the infrastructure on offer is excellent, and includes four houses, two flats, a riverside fisherman’s house and accommodation for labourers.

There are also two silos, a seed storage facility, weighing chamber and weighbridge, cattle pen and light aircraft storage. The pivots and all the implements are included in the sale.

The property comprises ten portions, and of the just over 1 119ha, 734.53ha is under irrigation but this can be extended to 795ha.

“The property is located about 10km from Hopetown where there are excellent facilities, including schools and an airfield,” they say.

“Hopetown lies on the edge of the Great Karoo and is just over an hour’s drive from Kimberley. It is famed for being the first place where diamonds were discovered in the late 1800s. It also does not fall within an area where land claims are expected.”

According to Thinus Schutte, irrigation farms - especially those along the Orange River - are amongst the most sought after in the country and, for obvious reasons, they seldom come onto the market.

“This is thus a very rare investment opportunity set to attract substantial attention,” says Thinus Schutte.

He says with the rising demand for food production, agricultural properties such as this are becoming rare and highly sought after.

Cattle to the value of about R1 million are included in the sale of the farm.

“This has also contributed to the rise in property values. Prices of agricultural farms in sought-after areas such as those that offer irrigation and lucrative water sources have practically doubled over the last three years,” he says.

“Farm prices are also not likely to come down - even amidst the drought and economic challenges - and your investment would be quite safe. If you are thinking of buying, now is a good time. Prices are only going up each year, so the sooner the better.”

The entire property, given its size, is estimated to fetch a price of around R400 million. It is ideally suited to corporate investors, or possibly a trust or company with a number of investors, says Thinus Schutte.

“There are actually a number of investment opportunities within this property. Considering that it is made up of ten portions, these could for example be bought separately.”

To view the farm, click here.

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