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Rare investment, 1119ha Orange River farm, Hopetown, priced at R400m on market

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An exceptionally rare agricultural property of just over 1119ha, about 65% of it 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. 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 of ten portions that make up just over 1119ha of which 734,53ha is under irrigation, but this can be extended to 795ha. The remainder comprises veld. There is water rights from the Orange River, one of the most sought-after water sources in the country along with Eskom power. The infrastructure on offer is excellent and includes four houses, two flats, a river-side fisherman’s house and accommodation for labourers. There are also two silos, a seed storage facility, weighing chamber and weighbridge, cattle pen and a light aircraft storage. The pivots and all the implements are included in the sale. The property is located on the Orania Road, about 10kms from Hopetown where there are excellent facilities including schools and an airfield. 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 also notes that with the rising demand for food production, agricultural properties such as this is becoming rare and highly sought-after. 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, says Thinus. 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. 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. Contact Seeff Country/Hopetown, Thinus and Estie Schutte on 053 203 0264/082 444 6172, email: hopetown@seeff.com or visit www.seeff.com, web ref. 389263.

Author: Seeff

Submitted 14 Jun 16 / Views 733