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Brewery Restaurant Function Venue In Cape Town For Sale

Cape Town, Western Cape, South Africa
Asking Price:
R49,000,000 Furniture / Fixtures included
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

The 11 Hectare La Brasserie farm hosts an Abbey-style Belgian-inspired brewery, restaurant and function venue. 360-degree views of the countryside and surrounding mountains. The Franschhoek River runs through the bottom half of the site with vineyards of approximately 1 hectare.

The brewery and restaurant are as follows:

• Winehouse centre and brewery -- 734m²
• Restaurant and kitchen -- 268m²
• Barn, workshop, and stores -- 678m²
• Potable and irrigation water is supplied by means of boreholes and a wellpoint with electricity supplied via 3-phase electricity and a 900KVA backup diesel generator as backup

Water Rights include:

• 4x boreholes at 2,500L/3,500L/ hour for each
• Wellpoint at 10,000L/ 12-hour cycle

• Price with brewery equipment: R49,000,000
• Price without brewery equipment: R42,000,000
• Tax benefit of R13,000,000 (acquisition cost will be selling price less R13 mill)
• No transfer duties payable, this is a sale of 100% shares in the holding company

Property Information

Real Estate:

Real Property Included

Location:

R45 Franschhoek

Planning Consent:

Zoning makes for consent use of:

• Tourist facilities
• Restaurant
• Wine house
• Hobby beer brewery
• Wine storage
• Maturation and beer tasting facility
• Sale of farm products in the restaurant
• Tourist facility tearoom, farm store and studio workshop
• 8 380m² of land has been rezoned to residential with consent use to develop tourist accommodation, which includes a guest house/boutique hotel of 4 000m²
• Provision of additional improvements for a manor house of 3 000m²

Other Information

Furniture / Fixtures value:
R23,000,000 - included in the asking price

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