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Share in Cullen Farm

Apr 27, 2022

Price:

R650,000

Area:

Dullstroom

Reference:

ZF362

Land Size:

171ha

House Size:

80sqm

REDUCED PRICE
This is a unique opportunity for a select family to acquire shares in an extraordinary farm nestled on the edge of the escarpment in the mist belt area. This best kept secret of the Dullstroom area is ideal for the serious trout fisherman, nature lover or birder and for families wishing to spend precious, quality time together. The choice of eight trout dams and an additional eight weirs ensure this is a trout fishermans idyllic retreat. Two perennial streams that originate and run through the farm, including a magnificent waterfall, ensure an abundance of water. These fishing waters are exceptionally well managed and responsibly stocked.

Accommodation is comfortable and secure set amongst an exquisite variety of mature trees, tree ferns and other indigenous flora. The shareholders have the use of a timber home in picturesque surroundings, accommodating at least eight people, in the main house and annex and overlooking one of these streams and two small weirs. There are two separate income-generating houses, Fishermans House and Fishermans Cottage, available to a discerning syndicate of trout fishermen and their families over the weekends. The syndicate members have leased the houses for many years, enjoying not only the outstanding fishing available, also the peace and tranquillity the farm has to offer. This income contributes towards the general upkeep of the farm and helps to maintain monthly levies at an affordable rate for the shareholders.

A manager, who lives close by, takes care of the day to day running of the farm whilst the stocking of the dams and weirs is undertaken by one of the shareholders.

LOCATION:

19 kms from Dullstroom. 7 kms from Dullstroom on the R540 towards Belfast, left onto the Machadodorp gravel road and left at Greystone turnoff. Cullen farm is on the left. Would recommend a high clearance or 4 x 4 vehicle.

SHAREHOLDERS ACCOMMODATION:

Shareholders House (Cullen) -4 sleeper:

-Timber structure with insulation, on a solid concrete base;
-Open plan living / dining area that is carpeted with a large fireplace;
-Functional kitchen with electric stove, fridges and with a scullery area off the kitchen all with vinyl flooring;
-Two carpeted double bedrooms with built-in cupboards;
-Shared bathroom with shower, bath and vanity;
-Separate toilet;
-Burglar bars on windows.
Annex to shareholders house - 4-6 sleeper:

-Timber structure with insulation, on a solid concrete base:
-Two bedroom units, both carpeted and with built-in cupboards;
-Separate bathroom with shower, vanity and toilet;
-The small cemented, covered patio has a tea station with undercounter cupboards.
Outbuilding:

-Large stone /timber building which has lockable storage cupboards for each shareholder;
-Storeroom with two quadbikes. Also used as a laundry or extra room;
-Under cover parking for three cars and also used for wood storage.

ADDITIONAL ACCOMMODATION:

These houses are rented out over weekends to generate an income that supplements the general farm running costs.

The two units (Fishermans House and Fishermans Cottage) are situated away from the Shareholders accommodation and are set between mature trees and overlook the dams with scenic views.
Both the units are solid timber construction, on a solid concrete base.
They are separated by a timber fence, ensuring the privacy of each one.
There is a sundowner spot with a fire pit within easy walking distance, which overlooks the dams and weirs.
-Syndicate of members, some of which have been leasing the premises for many years.
-Booking of the cottages run from a Thursday to Tuesday with bookings being managed by
one of the shareholders.
-Rental on Fishermans House is R 6,700 per weekend
-Rental on Fishermans Cottage is R 6,000 per weekend
-If a guest would like to rent both houses the cost is R11,500 per weekend.

Fishermans House (6 sleeper):

-This unit has three bedrooms, all carpeted and with built-in cupboards;
-Two tiled bathrooms with shower, toilet and vanity - one is en suite;
-Separate toilet;
-Open plan living area and equipped kitchen;
-Patio overlooking the garden, with superb views over the dams and hills;
-Undercover parking area with storeroom.
Fishermans Cottage (7 sleeper):

- This main unit has two bedrooms, all carpeted and with built-in cupboards;
-One tiled bathroom with shower, bath, toilet and vanity;
-Open plan living area and modern equipped kitchen;
-Outside unit with two rooms, both carpeted and have built-in cupboards. Tiled bathroom with shower, vanity and toilet;
-Undercover parking area.

SHARE HOLDING DETAILS:

-There six shareholders, of which two shares are available;
-Monthly cost is R3000 per shareholder or an annual cost of R36,000;
-The weeks are allocated in rotation every six weeks with one week per share per six weeks
-period;
-Public holidays, Christmas, Easter etc is also done on rotation and with discussion amongst the shareholders to keep it fair;
-If someone cannot make their weeks, shareholders try to swop and accommodate each other.

LEVIES:

-An annual farm budget is drawn up every year for the total operating cost of the farm and includes farm salaries, electricity, stocking dams, farm vehicles, petrol, oil, repairs, insurance, security and overall maintenance;
-All shareholders pay levies based on this budget taking into account the income generated from the cottages;

WATER

-Use of perennial spring water in all the houses.
-There are eight trout dams and eight fishing weirs;
-Spectacular waterfall.

No. of Bedrooms: 2

No. of Baths: 1

Carport: 1

Garages:

Pool: No

-Four staff members are employed, two for the farm and two for the houses;
-Walking trails, birding and indigenous flowers;
-Basic vegetable garden for shareholders, staff and guest use;
-Old stone barn, workshop and storeroom with power
-Three phase Eskom electricity supply.

PROPERTY LEVY: R

PROPERTY RATES: R520

 

Book a viewing or get more info today!

Call our office:  013 254 0219 / 013 254 0376

Email:  enquiry@zestpropertygroup.co.za

Office Hours:  9am – 5pm Mon – Fri. 9am – 3.30pm on Saturdays. 9am – 2pm on Sundays / Public Holidays

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