**UNDER CONTRACT**

A sound income of approximately $100,000 per year nett*, on a business that has been operating for 10 years buy for the inherent value of the land and home/s excellent value!

A fabulous position overlooking Hahndorf with views right across the Onkaparinga Valley through to Mount Lofty.

The property offers two main residences linked under the main roof. Living area one is approximately 160sqm, offering kitchen family with plenty of cupboards, Chef wall mounted oven Simpson hot plates, double sink, pantry cupboard and Omega extractor fan. The spacious lounge opens up into a large den or dining room through three double sided sliding doors and there is a slow combustion log fire plus a Carrier reverse cycle air conditioner.

The three bedrooms all offer three-door width floor to ceiling robes, two of which have a single mirror fronted sliding door. The hallway also offers a two-door width floor to ceiling linen storage. The main bathroom offers shower, bath, wall mounted mirror, two-door vanity and Mistral strip heater. The toilet is separate and the laundry has a two-door width floor to ceiling robe plus two wall mounted cupboards.

The second residence (built September 2003) has a living area of 135sqm, offering a large semi-circular bay style family, dining and lounge area, once again with spectacular views. There is also an Airwell 3H.P reverse cycle split system air conditioner, which also heats and cools the linking galley kitchen. The kitchen is equipped with serving bench, double sink, IAG wall oven, IAG hot plates, leadlight wall mounted cupboards, IAG extractor fan, pantry cupboard and there is also tiled flooring which extends to the hallway, office and laundry.

There are two bedrooms, one of which has six-door width floor to ceiling robes and the other has a large picture book window and walk-in robe. There are two bathrooms one of which is an ensuite linked via the laundry. The other bathroom offers shower, bath and toilet. There are built-in linen robes in the hallway and the laundry.

At the rear of the adjoining homes is a large vine clad pergola measuring 12m x 6m, and there are extensive garden and grounds with mature trees, shrubs and vegetable patch. There is also a 20,000-gallon concrete rainwater tank, a six-sided gazebo and a 30′x20′ garage with two sliding doors plus a 10′ lean-to three-sided section.

The bore is quoted at approximately 1,000-gallons per hour and further quoted as at 1,410ppm, which is pumped to a 5,000-gallon header tank for stock water, toilets and the watering of the grounds. The large dam is situated near the bore and is equipped with a 1.5 H.P Grundfos pump. Water allocation includes two areas, 4.7 acres total.

The other improvements to the property are quite extensive, the actual FARM BARN operation offers a 40′x30′ undercover enclosed area which links to a 90′x30′ extension (L-shaped formation). The entrance opens up into a sales area, with bird cages, display refrigerator benches, animal displays and sink facilities. The larger area offers further animal display pens, elevated stand with cow milking facilities, plus a one stand shearing plant. There is a multi level viewing platform for the public, and there are male/female and disabled toilet facilities. Next to the car park is a three-sided brick shed which houses three stables (currently not used) and adjoining is an undercover seating area for the public measuring 6m x 12m.
Further up on the land is the “high fenced” nature park plus a separate fenced area with pond for swans, geese and Indian Runner. West of this area and just out from the farm barn are the cattle yards and loading ramp.

The business has been operating for approximately 10 years now and the growth has certainly shown a healthy expediential curve. The diversity of opportunities as a family (or extended family) owning this farm business is wide and varied, in so much as one could also work and live in Adelaide, particularly with an extended family and of course utilising outside staff (if required). Furthermore the Vendors have operated a very successful Murray Grey stud from this property, yet another business aspect.

The capital value of the property is certainly realistic and reasonable the real bonus being the fact that there has been no goodwill built into the sale price, notwithstanding the fact that with sound reasoning, there could have been a significant figure placed on the said good will. Once again the Vendors have been very realistic with their price expectations with the value of the bare land alone in this premium position providing a significant proportion of the capital value.

A great lifestyle in a fabulous position, offering sound business returns approximately $100,000 nett* on what is now a well known Adelaide Hills destination.
*Accounting add backs apply*

Chris Weston 8388 4002 RLA173455