select
|

High-end buyers worldwide are raising a glass to the Cape Winelands

From the boutique estates of Franschhoek to a place in the Stellenbosch sun, buying in the Cape Winelands offers more than just a lifetime supply of wine.


Set on a 300-year-old wine farm, this historical Cape Dutch home is for sale through Chas Everitt International for R35m. Comprising 15 suites, two self-catering cottages, a conference facility, manager’s home and even a small chapel, the property is ideally suited to hosting private functions. The option to purchase an additional 13ha of adjacent farm land is also on offer. 

With its unique blend of country living and close-to-the-city convenience, its award-winning wines and equally celebrated cuisine, and its exclusive clutch of top-calibre schools, the Cape Winelands is regarded by many affluent buyers as the ultimate place to own property, says Elmarie van Huyssteen, principal of Chas Everitt International in Stellenbosch. 

“Since 2012, prices here have been growing at a steady annual rate of 12 to 14% across the spectrum of property types, from smallholdings to expansive wine farms,” she says, noting that buyers are predominantly a mix of Gauteng semigrants and an increasing number of European swallows, the latter no doubt drawn not only be the weather but by the prospects of earning a sizable return on their vinicultural investments thanks to the declining value of the rand.

According to Van Huyssteen, the most coveted properties in the area (and those commanding the highest prices) are on Blaauwklippen Road, the R44 between Somerset West and Stellenbosch, and in Bonniemile. As for the number-one priority on buyer wish-lists, it’s views, views and more views, she says. “Everybody wants to see the mountains. A bit of vineyard is also popular and if the property has its own boutique cellar you’ve hit the jackpot.”


Bordering Spier Wine Estate near Stellenbosch, this 243ha full-production wine farm is for sale through Chas Everitt International for R115m. Buildings include a pair of spacious homes of over 500sqm each, two managers’ houses, workers’ accommodation and various outbuildings. 

Meanwhile in Wellington, where larger farms are more readily available, it is the smallholdings under 6ha – the so-called lifestyle farms – that are being snapped up at the moment, says Idalette Jacobs, the local Chas Everitt International property consultant. Bovlei (Wellington East and South East) and the Drakenstein area between Wellington and Paarl are the most desirable areas.

Undoubtedly, part of the attraction of the Cape Winelands is that SA wine tourism is at an all-time high. And Rico Basson, MD of Vinpro, a service organisation for 3500 SA wine producers and cellar members, recently told Bloomberg News that the current R6bn-a-year market is on course to reach around R15bn a year by 2025. This obviously puts an extra glow on properties such as guesthouses and leisure homes that can be let to tourists. 

In addition, the wine production sector itself is showing healthy growth. According to SAWIS (SA Wine Industry Information & Systems), wine production volumes have increased 20% over the past four years to about 420m liters a year, and the industry provides work for some 300 000 people, making it the biggest permanent employer in agriculture.

And, of course, the luxury estates and wine farms of the Cape Winelands still offer exceptional value when compared to other major wine regions of the world, says Berry Everitt, group CEO of Chas Everitt International, the SA affiliate of Leading Real Estate Companies of the World© and its luxury real estate programme Luxury Portfolio International©.

“This is a major draw-card for ultra-wealthy foreign investors, and we are receiving an increasing number of enquiries for high-end properties in this region as they become exposed through our global networks*.”


This 3ha farm in Devonvale, Stellenbosch, is for sale through Chas Everitt International for R10,25m. The property boasts two separate three-bedroom houses, which are divided by a large dam. Water is in ample supply and proteas and olive trees provide a good yield. 


In Wellington, for example, prices average around R200 000/ha for mountainside land and R600 000/ha for a working farm under irrigation, while smallholdings cost R1m/ha and upwards, according to Jacobs.

By comparison, to own a piece of the choice “wine country” in California’s famed Napa Valley, buyers are currently paying an average of US$125 000/ha (approximately R1,7m), according to the Global Property Guide.

In Australia, a hectare of Shiraz vines in South Australia’s Barossa Valley currently costs around AUS$100 000 (about R1m), but in Melbourne’s Mornington Peninsula (Australia’s equivalent of Stellenbosch), prices can reach AUS$600 000/ha (over R6m).

As for France, investors can count on an average price of €136 400/ha (around R2m) for appellation land in the most prestigious of France’s classified wine regions – and if it happens to be in Champagne, they would have to splash out a not-insignificant €1,1m/ha (nearly R16m).



  Comment on this Article

  Please login to post comments

Post to my facebook wall
  
2000
Characters remaining


    Latest Property News
    • 22 May 2018
      Buyers feel that they are getting value for money in the Northcliff area without having to compromise on aesthetics and amenities
    • 21 May 2018
      Secure living is one of the growing property trends in South Africa and Nooitgedacht Estate in Stellenbosch certainly ticks the right boxes for buyers who want a secure, exclusive lifestyle in one of the Boland’s most sought-after estates, says Pam Golding Properties.
    • 21 May 2018
      As the impact of technology on the real estate industry becomes more significant, it is clear that there is a need for an objective look at not only traditional real estate models but also online and other alternative low-commission real estate agencies, to examine what they offer and what their impact might be.
    • 21 May 2018
      With sectional titles growing in popularity, an increasing amount of homeowners simply do not have the garden space to install a tool shed in their backyard.
    • 18 May 2018
      Home improvements are a great way to add value to your property, but not all of us have bottomless pockets for a full-on renovation. Lucky for us, there are plenty of affordable DIYs that can spruce things up over a free weekend.
    • 18 May 2018
      The need for large office spaces is slowly eroding as more and more employers choose to allow their staff to work remotely. As a result, the home business model has grown in popularity, with many new entrepreneurs choosing to start their business from home rather than in a business district. But, what are the legal implications of operating a business in a residential area?
    • 18 May 2018
      Proxi Smart Services Pty Ltd, a company that deals with the day to day administration of property transfers while the conveyancer attorneys perform the legal side of transfers, lost its bid for the court to allow them to do business in this regard.
    • 17 May 2018
      If you’re a first time buyer, then you are probably only just beginning to realize how expensive furniture can be. That three-piece lounge suite you’ve had on your “Dream Home” inspiration board probably seems like nothing but an unrealistic fantasy to you now. But, a little bit of financial discipline mixed with a dash of smart shopping can go a long way towards helping you furnish your fantasy.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK