PROPERTY
EXCLUSIVE: SA's top property is a Stellenbosch vineyard
SA’s top sale of 2019 is a wine estate which was sold to a Slovak family for R94m
The Western Cape’s devastating drought may have dampened wine exports, but it has seemingly not diminished the cachet of owning a trophy vineyard in SA’s so-called Golden Triangle of Stellenbosch, Franschhoek and Paarl.Wine farm buyers are notoriously tight-lipped about what they pay for big-ticket estates, but the FM believes a Slovak family forked out about R94m to buy Knorhoek Wine Estate on the slopes of the Simonsberg mountain near Stellenbosch.The sale is thought to be the highest price fetched for a property in SA year to date. It tops last year’s record of just more than R90m and R80m respectively that San Francisco-based investment firm Eileses Capital apparently paid for two Stellenbosch wine estates: Uitkyk and nearby Warwick.Knorhoek was owned by the Van Niekerk family from the late 1800s and comprises 105ha of vineyards, a guesthouse and Towerbosch, a restaurant and wedding venue.Industry players say prices of the Cape’s 600-odd wine farms can range from as little as R1...
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