Property has 24 Years History, with current Owners and always Booked out.
Possibly Sub-divisional after 10 Years.
All Properties on the other side of the Road have been Purchased by a large Adelaide Developer. ( Confirmed by Tea Tree Gully Council this Month)
Gold Plaited investment opportunity offered. We were wrong about the 10 Years, it has arrived. Last Thursday, we accepted an option from a large Adelaide Developer, along with 22 other properties, for a new Suburb. Lead time 5 Years but we won’t be waiting, due to age.
$870,000 required, on Gold Plaited 1st Mortgage and a share of the action $250,000 Bonus. . Apply to us.
Contact John & Linda O’Leary
23 Years History – the Closest Equestrian Centre to the City.
REASON FOR SALE
We live at Victor Harbor. ( 9 Years) It used to be 90 Minutes drive. It is now over 2 Hours. The Roads have not kept pace with the Population Grrrrrrrrrrrrrrrr The Husband wants to retire.
We run the Property with a one Day Visit per 14 Days basis.
24 Years ago, John and Linda O’Leary purchased the Property, in a completely run down state. They named is ‘Gainsborough’, after John’s Uncle’s Racehorse Stud that he built in the 60’s in Queensland, to house a Stallion he had Purchased off Queen Elizabeth 11. Alfred Grant basically invented Surfers Paradise.
Owned 24 Years
Owned in a Company. 100 Shares.
Sale includes the Business.
Sold as a going concern and no GST applicable the closest and best Equestrian Centre to the City. 3 Minutes from Woolworths.
Bullet Proof and booked out throughout.
Council approval for 32 Horses
100 Metres from last subdivision
30 Stables, Yards, Paddocks and 2 more approved with Construction Site done.
6kw Solar System and the property incurs around $200 a Year electricity charges only . No power bills.
Approved and Licensed Bore
250,000 Litres of Rainwater (on most Stables)
Wrought Iron and Pillar front Fence
3 Car Garage plus workshop with full size Pit.
Hay Shed, Silo, Crush
3 Wash Down Bays and tie up areas
3 Round Yards
ALL WEATHER (no matter what) Show Jumping and Flood Lit Dressage Arenas. New L.E.D. Lighting.
Public Car Park, 2 Horse Float Loading and Parking areas
4 Electric Fence systems
Heavily Wooded and shaded, EVERYWHERE!!! Resident Koalas and Kookaburras
37 Minutes (23 kms from Adelaide Central)
No water/sewerage bills.
Improved and weed free pastures.
Totally horse safe fencing with 8 inch Posts, 150 x 50 Creosote Rails, post and rail, 100 x 50 x 2.5mm Galvanized Yard Rails, electrics everywhere, and bayco plastic. NO WIRE ON THE PROPERTY!!
INCLUDED IN SALE
The Registered Business Name ‘Gainsborough Equestrian Centre”
The Business of ‘Gainsborough Equestrian Centre
Currently held Bonds by present Agistees
Poly Rain Water Tanks
Closed Circuit Security system
6 KW Solar system
Sprinkler systems on Roofs of Stables 1-10 (the Bush Fire direction)
8 Tone Silo
4 Electric Fence Units
Solar Units, inverters and Batteries covering 14 Stables.
EXTRA AVAILABLE BUSINESS
The Management has knocked back a minimum of 2 new Riding Pupils per Week, for 20 Years.
We advised a Client to start teaching Learner Riders IN the Golden Grove District and a $7,000 per Week income was achieved inside 2 Years, by that Lady (who was a Novice)…..
UPDATE……July, 2018……the Lady now has an income of $9600 per Week!!!!!!!!!!!!!!
A Farrier wouldn’t have to step off the Property
If Race Horses were spelled it would be the closest to Metro and Gawler Courses.
A Coach would immediately be viable.
HOME (as new)
We have not factored the Home into the income but it could have been. Quote from LJ Hooker for Rent is $500-550 per week.
HOME TOTALLY AND FULLY RENOVATED AS NEW!!!!!!!!!!! including electrical. $100,000 spent. all light fittings, floors, tiles, window dressings, paint inside and out, kitchen, bathrooms, new doors throughout, new skirting boards throughout, down lights throughout.
4 Bedroom (all large) living, Office, 2 En-suits, massive Kitchen, Dining, Two Walk in Robes, walk out to Fernery from Lounge and Main Bedroom, reverse cycle air-conditioning and a Split system, paved entertainment area.
Contact John & Linda O’Leary