THE MIRROR OF MEDIA

Historic Morgenhof wine estate up for grabs


Traders from 13 international locations want to bid on the famend 329-year-old Morgenhof vineyard positioned on the slopes of the Simonsberg in Stellenbosch throughout a digital public sale subsequent week Wednesday (August 25).

The vineyard held an open day viewing final weekend, forward of the deliberate public sale.

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“In the mean time consumers from 13 international locations have registered curiosity in bidding for the 210-hectare property,” says Excessive Avenue Auctions director and lead auctioneer Joff van Reenen, including that the primary of two viewings was attended by consumers from South Africa and a number of other others who flew in from overseas.

Potential buyers are from South Africa, Australia, China, Germany, Belgium, Lesotho, India, Italy, France, England, Kenya, Canada and the US.

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“There are a number of potential buyers from three international locations, particularly South Africa, England and the US,” in line with Van Reenen.

He says a number of worldwide consumers have confirmed that they are going to be flying to South Africa this week to attend the second viewing day happening on the farm this coming weekend, including that “viewing is strictly by appointment solely”.

SA/US three way partnership

In a South African first, Morgenhof is being auctioned in a three way partnership with US public sale firm Tranzon, which has consultant workplaces throughout the US.

“Tranzon is fielding quite a few inquiries from American buyers [who are] very interested by shopping for a premium vineyard in South Africa.

“Curiously, a number of of these communications have come from potential buyers based mostly in America’s premier wine-growing area, Napa Valley, in California,” says Van Reenen.

“Others are from the US East Coast, the Washington DC space and from Florida.”

Vines and wines

In accordance with Van Reenen: “Morgenhof’s portfolio of wines features a combination of reds and whites, starting from the contemporary Sauvignon Blanc to the barrel-fermented Chenin Blanc. The pink wine vary affords a number of iconic single varietal wines together with a revered Merlot and a vibrant Pinotage, in addition to a Bordeaux-style mix that can also be the flagship of the Morgenhof vary.”

He says the vineyards are farmed as ‘dry land’, which leads to smaller yields and superior concentrations within the berries. The property includes a wide range of soil varieties, with the terroir additional complimented by altitudes starting from 40-400 metres above sea stage.

The constructed infrastructure enhancements on Morgenhof embody:

  • The pristinely restored 450m² major manor home comprising 5 bedrooms, 5 loos, a lounge, eating room and kitchen in addition to a wraparound open terrace paved in terracotta tiles and a splash pool;
  • The Prime Home, a second manor of 730m² elevated among the many vineyards – this two-storey Cape Dutch model dwelling has 4 bedrooms, connected employees quarters and its personal non-public swimming pool;
  • A 600-ton capability wine cellar;
  • Underground barrel fermentation corridor;
  • Wine tasting room and terrace;
  • Restaurant;
  • Wedding ceremony chapel;
  • Convention venue with connected catering services;
  • Bistro and occasional store;
  • Workplace block; and
  • Workers lodging of varied varieties.

All photographs provided.

Van Reenen says the vineyard is being auctioned as a going concern, with all furnishings, fixtures and fittings, in addition to the contents of the wine cellar, included within the sale.

Funding case

“That is a longtime and well-diversified enterprise with a number of revenue streams that provides a brand new proprietor with imaginative and prescient, large potential to broaden.

“Considerably including to the attraction of the property itself is the truth that it will likely be auctioned on August twenty fifth with appreciable international alternate and assessed tax loss incentives that may be extraordinarily useful to the eventual purchaser.”

Morgenhof is owned by Anne Cointreau, whose household has produced wine, champagne and spirits in France since 1272.

Her great-grandfather Adolphe created the well-known orange liqueur that carries the household identify, and her grandfather the luxurious Remy Martin model of cognac.

The property is certainly one of South Africa’s viticulture pioneers. Relationship again to 1692, one can hint its wealthy wine-making historical past again to the French Huguenots.

Palesa Mofokeng is a Moneyweb intern.

Hearken to Melitta Ngalonkulu’s interview with Siwela Masoga of Siwela Wines (or learn the transcript here):



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