Boutique wine farms are in high demand especially to around the R30 million price mark, says real estate agency Seeff.
Boutique wine farms tend to limit financial exposure, hence the higher demand. There is however limited availability in the Stellenbosch area, but buyers and investors can find more stock in the Paarl and Wellington region.
Interest is coming from local and international buyers, said Kevin Layden, Seeff agent for farms in the Stellenbosch and Boland.
“Generally, boutique farms are selling in the R20m-R40m range and commercial wine farms in the R50 million – R75 million range.
“Top-end wine brands on the market range from around R100 million – R250 million, but at this end of the market they are not actively promoted and marketed and sold on a confidential basis,” said Layden.
South Africa’s wine farms continue to attract tourism from across the country and globe. There are about 560 wine farms in the Cape and about 20 tourist wine routes and these continue to grow.
Most of the farms have wine tasting and tourist facilities, and some also offer accommodation.
Some of the best restaurants in the country are also located on the wine farm such as Babel (housed in an old cowshed) at Babylonstoren which is booked up well in advance and Pierneef à La Motte at La Motte where you can also see a collection of Pierneef’s art.
The most recent wine farms sold include:
- Knorhoek (Stellenbosch) – R94 million;
- Uitkyk (Klapmuts/Paarl) – R91.16million;
- Warwick (Stellenbosch) – R80 million;
- Le Bonheur (Klapmuts/Paarl) – R55 million;
- L’Avenir (Klapmuts/Paarl) – R40.45 million;
- Lievland (Klapmuts/Paarl) – R35 million;
- Pink Valley (Helderberg Rural, near Somerset West) – R34 million;
- Stellenzicht (Stellenbosch) – amount not disclosed.