Vacant Land for auction in Schaap Kraal, Cape Town

21.063 Ha Vacant land in agriculture rich Schaap Kraal.

Going on Auction: Wednesday 28 August 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 Town’s fresh produce. The area’s 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 month’s 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 property’s 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.