Cape wine farm once owned by Tokyo Sexwale on auction for R180 million

An historic Cape wine estate with deep roots in South Africa’s agricultural and political history is set to go under the hammer later this month.

Bloemendal Wine Estate, established in 1702, some 324 years ago in the Cape Winelands, will be auctioned on Wednesday, 25 March at 13:00 with brokers seeking bids of at least R180 million, according to Rawson Property.

Repayments

Monthly repayments will be R1 766 958 based on the R180 million purchase price at prime over 20 years and assuming no deposit.

The total amount paid over those 20 years (240 months) will be R424 069 943.

The nearly 239-hectare property includes a range of hospitality and agricultural facilities, among them restaurants, a winery, a wine-tasting room, a manor house, conference venues and stables.

A farm with centuries of history

Bloemendal traces its origins back more than three centuries, when it supplied fresh produce to ships belonging to the Dutch East India Company as they passed the Cape of Good Hope.

Today the estate is known for its award-winning wines, produced from varietals such as Chenin Blanc, Chardonnay, Pinotage and Cabernet Sauvignon.

Location

Political connection

According to BusinessTech, over the years the estate has had links to prominent figures in South Africa’s liberation history, including businesses associated with Tokyo Sexwale.

Sexwale, a former anti-apartheid activist who was imprisoned on Robben Island alongside Nelson Mandela, later became the first democratically elected Premier of Gauteng in 1994.

He left politics in 1998 and built a substantial business career, particularly in mining and investment ventures.

Auction terms

The auction follows a previous attempt to sell the estate last year that did not materialise.

According to Rawson Property, interested bidders will be required to submit offers accompanied by proof of funds of at least R200 million, along with verified identity and tax registration documents.

A non-refundable deposit equal to 5% of the purchase price will be payable once an offer is accepted, with the remaining balance due within 14 days.

A notable piece of heritage

With three centuries of winemaking heritage, ties to South Africa’s liberation history and a prime location in the Cape’s wine region, Bloemendal represents more than just a commercial property.

When the estate goes under the hammer on 25 March, a new owner will take custodianship of a piece of South Africa’s cultural and historical landscape.

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