We have recently refreshed the main living space is a neutral cream. It is in good order but could benefit from a refurb which due to the size could be a reasonable investment of energy and cash. We have decided on a change after 12 years. It is a house people fall in love with if you love space and has always been a little bohemian. There are 4 bedrooms, 2 en suits and one extra shower room next to the laundry room ( in the old cuve or wine vat). Fully fitted American kitchen.

The village has one small store, post office, school and there are 2 villages either side 2 kms with everything needed inc foreign press.

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The village of Lourmarin is located in the Luberon region of Provence, the South of France. This area is populated with numerous famous villages and cities. The closest airport being Marseilles. This is also the easiest transport route, i.e. Paris-Marseille-Lourmarin. It is a 40-minute drive from Marseilles.

LOURMARIN

Lourmarin is a beautiful village with 1300 inhabitants, numerous restaurants, château and all that Provence is famous for. The village market is on Friday’s the most popular market day. Streets are lined with old oak and plane trees. The village boasts numerous street café’s and just as many bistros and famous Michelin restaurants.

APARTMENT

3 Rue de Gran Pre was built in 1573 and was restored to its glory in 2005. The apartment is in the heart of the village in a 4-unit complex, 2 on ground level and 2 on 1 st floor. This apartment is on the 1st floor with beautiful vistas over the village and the market place. The entrance off the narrow street is a huge old double door, leading you into a cobbled outside entrance, obviously originally to accommodate horses. From there an old staircase of sandstone leads you up for one flight.

The apartment has a reception passage, 3 bedrooms, 3 bathrooms, open plan lounge, dining area and kitchen. A further jardinière (used as a reading room) a separate washing room, a fourth toilet and a patio from the third bedroom. Two bedrooms are en-suite, and two have baths and showers.

FAST FACTS ABOUT THE OPPORTUNITY:

1. The property is held in a French property company, called an SCI.

2. Each 10% share represents 5 weeks usage per annum.

3. There are 3 shares for sale at €70 000 each. The shares are priced in EURO.

4. Usage is defined per roster, which slowly rotates, ensuring each shareholder the same privileges. The rotating roster has been proven as the easiest to implement and understand, although the shareholders are contemplating to rather introduce a priority-booking roster.

5. The SCI is managed from South Africa with an accountant managing the financial affairs like the levy collection and the monthly payments.

6. The apartment is managed in LOURMARIN by a professional manager (MRS GRETA BIDOU) ensuring that the housekeeping meets the highest standards.

7. Monthly levies are between ZAR 800 and ZAR R1000.

8. Ownership in such an SCI allows for extended Visa’s and all the current shareholders have visa’s ranging from 5 to 10 years.

9. The cost involved in the purchase is for the account of the buyer and is taxed at 5% in France.

10. The purchase consideration can be financed as the seller has agreed to such a structure. The finance option is a minimum of 10% cash in SA, with the balance repayable at 4.9% interest according to an agreement with the seller.

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Le Ferme Chantelle is a prestigious secure estate in the Franschhoek village, conveniently located right at the entrance to the village. The estate measuring some 20 ha, is built up with 23 homes and an abundance of open spaces, covered with vines and olive trees.

House G, on plot 2 is available as an investment. The stand is situated on the Northern side of the estate and has a North entrance with a South view. The uninterrupted views are of the Franschhoek mountains. The Southern side of the erf overlooks the vineyards and the creek.

The house is in construction phase and measures some 420 square meters. The design is in accordance with the estate rules and regulations, but with a contemporary approach. The buildings are set apart as two separate barns, linked with a passage that also leads onto the outdoor entertainment area.

The entrance to the house is constructed as a “barn entrance” between two bedrooms, leading you into the courtyard but overlooking the main building. The main building houses the scullery, kitchen, dining room, lounge, study and main bedroom.

All bedrooms have en-suite bathrooms, plus additional outdoor enclosed showers.

The center of the courtyard accommodates the free standing covered patio, with braai area and pool.

POTENTIAL

The asking price is R7.9m and is structured as a “plot and plan” project to reduce the transfer fee. The building work will be completed by early 2011 and occupation is from MARCH 2011. A rental agreement is in place for 12 months, if you wish not to occupy immediately.

This brand new contemporary house is available at the lowest cost on Le Ferme Chantelle!

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Le Ferme Chantelle is a prestigious secure estate in the Franschhoek village, conveniently located right at the entrance to the village. The estate measuring some 20ha, is built up with 23 homes and an abundance of open spaces, covered with vines and olive trees.

Located in Le Ferme Chantelle, lies the original manor house. Built on 7534 square meters of unspoilt, but developed land. The erf is totally developed with two patches of vineyard, an abundance of formidable trees and a landscaped garden.

The outer buildings, which are totally restored, house a boutique winery and a cellar. These two structures measure 136m and 50m respectively. The production capacity of the winery is 25 tons and the value of the equipment is in excess of R1m. The winery also has an “off-site” liquor license.

The manor house in classic Victorian state with wooden floors, high ceilings and sash windows is in fine condition, with two large stoeps. A front porch spanning the entire length of the house and an undercover back patio provides ample space for outdoor entertainment.

The house boasts 4 bedrooms, 2 bathrooms with main en-suite, dining room, living room, office, kitchen, scullery and laundry. In total approximately 320 square meters.

Asking price for this boutique “wine-holding” is R10.5m. The project is sold as a going concern and no transfer fee is applicable.

POTENTIAL

The winery can be converted into an excellent outdoor guest cottage, if there is no interest in pursuing winemaking. Similarly the cellar can be converted to a proper business office.

The house can be moderately renovated to become one of the best positioned and looking houses in Franschhoek at minor costs.

The value of an unbuilt stand in the estate , measuring 1200m is R3,6m. Taking this into account, the 2 patches of vineyard measuring some 2500m could be worth R6m, implying that the manor house with outbuildings on 5000m of erf is bought for R5.5m!

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Nestled in the Paarl/Franschhoek Valley, on the Northern slope of the Simonsberg Mountains, lies Santé Winelands Estate & Wellness Centre, a working Wine and Wellness Estate. Flanked by the famous Backsberg, Glen Carlou, Vrede & Lust and Rupert Rothschild Fredericksberg wine estates, the Winelands Estate is only 22km from Stellenbosch, 4km from Paarl, and a mere 30 minutes away from Cape Town.

As a fully operational wine estate with vineyards, olive groves, stables and paddocks, 30 Ha of dams & water features, fly fishing and a 500 ton Wine Cellar, Santé Winelands Estate is managed by a Farming Association, which is also responsible for the production, labelling and marketing of the wines.

THE PROPERTY

This smallholding of 10ha, currently held in a company, is on the market for R15m. The land has vineyards, a dam, olive grove and a magnificant manor house.

The manor house of approximately 1000 square meters, with 4 bedrooms en-suite, TV room, study, dining room, lounge, 2 patio’s, guest’s lounge, scullery, pool, storage , domestic quarters, 3 garages is built with outstanding finishes.

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FAST FACTS

This building is offered for sale at R13 250 000.

The rental income is R96k per month, rendering an 8.5% net yield on capital invested.

The leases are all in their 3rd of 5 years, with escalation at bank repo rate on shops 2 and 3 and 8% on shops 1 and 4. All leases have further options.

The lease rentals work out as an average of R276 per square meter on the total lettable space, but internally is quite wide spread.

Taking the location, quality of building, look of building, profile of tenant and the 8.5% yield into account this is a solid buy.

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