Brackenfell industrial node loses leading South African wine exporter

 
Leading exporter of South African wines, Coppoolse and Finlayson have decided to wind up their current business due to the strengthening of the rand which has dramatically effected the export industry.

Niche property investment company, Bales Delaporte, have been awarded a sole mandate to market the Coppoolse and Finalyson premises at the corner of Kenwil Drive and Eagle Street in the popular Okavango Industrial node in Brackenfell, Cape Town.

“The Coppoolse and Finlayson premises, situated at units 5 – 6 Kenwil Drive, is one of the closest properties to the Okavango Interchange and affords excellent access to the N1, R300 and N2 highways,” says Tony Bales of Bales Delaporte.   “It is also an unusual property to find in Brackenfell Industria as it is currently fitted with state of the art wine making equipment and machinery – not the area one would typically expect to find a wine manufacturer.” 

Coppoolse and Finlayson, founded in 1991, enjoyed years as the leading South African wine exporter of Sentinel and Kaya wines to the Netherlands as well as one of the largest South African wine exporters overall.  In addition they produced a variety of wines for several leading European supermarket chains.

“Ideally we would like to sell the property as a whole,” says Bales.  “However, if necessary, it can be easily divided into various smaller units perfect for industrial, business or retail purposes.  Prospective purchasers can obtain the property alone, or may look at taking the wine making equipment as well.”

According to Bales, the area, which is very close to the popular Cape Gate regional shopping  centre, is highly sought after by a host of businesses and thereby ensures that there is a good demand by tenants, guaranteeing increasing rental levels for investors. 

“Rentals currently being achieved are in excess of R30 per square metre which is a 20% increase over the last year.  It is anticipated that they will continue rising in this area at levels well above the inflation rate.”

“It seems evident that the strengthening rand and the consequent despair for many South African exporters has a far reaching effect as is highlighted by the winding up of Coppoolse and Finlayson and the subsequent sale of their premises – making available a prime investment opportunity in this popular node,” concludes Bales.

For more information please contact Bales Delaporte on 0861 332 562 or visit www.balesdelaporte.co.za

Ends

Issued by:                    Catherine Pate

082 922 1737

(021) 556 0100

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On behalf of:                 Bales Delaporte

Contact:                       Tony Bales

083 675 3773

www.balesdelaporte.co.za