R 40 000 000 | Farm for Sale in Durbanville Rural

This 35ha property is perfectly located for development in the near future. It is situated right between the Cape Winelands Airport, soon to become Cape Town's own "Lanseria", and Durbanville, the nearest suburb to the airport. For instance, the property is 2.5 km, or 4 km by road, from the airport, and 3.5 km from the Curro Durbanville School. The closest industrial park is just more than 1 km down the road.

Improvements consist of a popular events or wedding venue, complete with a church, 11 guest apartments, and a small restaurant. Furthermore, there are 3 houses, 5 industrial stores, office building, factory building and a small gift shop. Some of the improvements are rented out, while others are used by the owner and his family. Income from the rented buildings amounts to more than R200 000 per month.

Future land use of the property will be determined by the needs arising from the airport in the vicinity, as well as the existing growth of industries and neighbourhoods in the direction of the property. The property borders both the R302 and the R312 roads, with access possibilities from both. Possible suitable land use can be as follows: Existing infrastructure and roads cover approximately 4 ha. On the southern side of the property is approximately 7 ha which is excellently located for an industrial development, while there is another 7ha on the northern side of the current venue and overnight rooms, perfectly situated for a residential development, including the hospitality industry, short term accommodation, middle income neighbourhood or retirement village. A combination of the above would be ideal. The balance of the 35ha property consists of 7ha suitable for Truck overnight facilities, a driving range or gholf course, or even for the generation of solar power in order to take the entire development from the grid. The balance of 10ha consists of a river, wetland and other non-usable land for development purposes.