The historic Morgenhof wine estate, situated just three kilometres outside Stellenbosch, on the slopes of the Simonsberg, will go on auction on 25 August.
The farm's history dates back more almost 330 years. In 1993 the current owner, Anne Cointreau, bought the 213-hectare estate. She is a member of the renowned Cointreau family from the Cognac region of France. Vineyards are planted on more than 70 hectares of the farm.
The restorations and upgrades made by Cointreau include the building of an underground maturation cellar which can house up to 2 000 French oak wine barrels. The estate can trace its winemaking history back to the French Huguenots. It is situated along a popular wine tourism route and offers various hospitality options.
Buildings on the farm include a main historic manor house, a secondary dwelling, a wine-tasting room, restaurant, bistro, chapel (popular for weddings) and banquet hall.
"The auction will include everything - lock, stock and barrel. It is being sold as a going concern with trademarks and contracts in place," says Joff van Reenen, director of the High Street Auction Company.
"The owner says she is winding up her affairs to go and enjoy her golden years with her grandchildren in France."
Furthermore, the company structures of ownership include shares in an international entity based in a tax haven. The legal structure provides approved SA Reserve Bank foreign exchange benefits as well as SA Revenue Service assessed tax loss incentives.
"It is extremely rare for a historical estate like Morgenhof to be auctioned. I would even call it an opportunity of a lifetime," says Van Reenen.
There is an undisclosed reserve price and interest has already been expressed from as far as Europe and the US.