- Paarl 200ha Private Winery against the Paardeberg
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Western Cape,
Winelands/Boland,
Paarl
- R18 000 000
- Currency Converter
- Web Reference: A1.2.4 AGBLK 42
The Farm Lammershoek is situated about 50km from Cape Town between Paarl and Malmesbury off the R45.
The Farm is a well known Wine Estate. A small olive orchard (900 trees) is in full production for high quality oil.
Over the years the owner has transformed Lammershoek into a model farm producing some of the best Red and White wines. Most of the wines produced in Lammershoek’s wine cellars have received accolades from Wine Experts, among others the well respected John Platter.
The success can be credited to the following:
a) Minimum irrigation.
b) Thinning known as green harvesting is practiced in the vineyard before ripening starts. This results in the remaining bunches having exceptional quality and flavour.
c) Relative low yield are then subjected to a cold extraction process and gentle pressing. This results in highly concentrated wine flavours that are placed in barrels to mature.
d) These procedures, including higher than average day/night temperature variations, combined with extra long sunlight hours and the ‘terrior’ of the area, ads up to an exceptional end product.
e) The farm is in full conversion to organic practice.
The end product is of such a high quality that the majority is sold to discerning buyers overseas.
Lammershoek wines are made from only the finest quality grapes on the farm. The balance of grapes, still of exceptional quality, are sold to Wine Cellars such as The Sadie Family, Mullineux Wines, Tokara and many others to be used in their blending processes.
Lammershoek stands out as a farm producing exceptional quality wines from a modern cellar with talented management. Rarely does a farm of this caliber and income come into the market.
Property details:
a) Size: ±200 hectares
b) Vineyards (±40 hectares Red and 60 hectares white grapes)
c) Average production: ±500 tons per year.
d) Olive trees: Mission – 900 trees between 7 – 8 years old on 3 hectares.
e) Arable land: ±30 hectares.
f) Earth Irrigation Dam: 3 hectares. Capacity: 120 000 cubic meters.
g) Two Main Homesteads, fully equipped and in pristine condition.
h) Modern Managers Cottage.
i) Twelve (12) staff houses.
j) Seven (7) seasonal workers houses.
k) Numerous outbuildings and sheds.
l) Wine Cellar: Capacity for 200 tons of grapes (140 000 liters). Fully equipped with the latest equipment and technology under permanent climate control.
Lammershoek has been granted the right to develop 6 residential units on the property. This would be an added bonanza to sell off in the future.
A full inventory of vehicles and equipment is available.
Even in these difficult times the owner pre sells his crop with relative ease, largely to Europe and the Far East.
Lammershoek is registered and owned by a company and is sold as a going concern. The transaction will be free of Government duties. It will be zero rated as far as VAT is concerned.
The purchase price to obtain a 50% share in the farm is R18 000 000. An outright purchase could probably be negotiated.
NB!!
Notes of Interest:
a) The owner will consider keeping an interest in the company/farm
b) The wine in stock is valued at a cost price of R9 million. This is included in the purchase price.
c) The value of 600 vats is approximately R3 million
d) Accumulated balance sheet losses of about R4 million.
e) Names in the wine industry who own wine farms in the area are: Neil Pendock, Adi Badenhorst and Eben Sadie.
This farm is recognized as an environmental friendly property. The owner is making a serious effort to reduce and replace all unnecessary chemicals and insecticides with environmental friendly products, the process to fully organic practice began three years ago.
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- Rocky Valley Properties Associate Agent
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