OFF MARKET

602 Gradys Creek Road
Gradys Creek NSW 2474

Bedrooms: 6
Bathrooms: 5
Car spaces: -
Land area: 401900m2
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Property Details for 602 Gradys Creek Rd, Gradys Creek

Building Type
Rural
Year Built
1930
Land Size
401900m2
Local Government
Kyogle
Lot/Plan
101/DP1018683

Last Listing description (May 2021)

RIPPLES ON THE CREEK offers the opportunity to purchase a beautiful property with so much potential. Located just outside of Kyogle and within a short distance to the highly sort after scenic rim, this property has loads to offer. Under 100kms to the Byron airport.

Once running as a popular restaurant and wedding venue, this property has all the foundations in place to kick start a thriving business. The restaurant space is able to seat over 80 people. Accommodation for guests with 3 luxury cabins by the creek, but wait... there is more! Ripples has recently been approved to build another 7 cabins!

This property has so many opportunities. It could be a lifestyle property with an income or a thriving business.

The main homestead is located behind the restaurant, but there is also a option to build further up on the hill.

Potential income:

*The earning capacity if the occupancy rate was 100% is calculated as follows:
o Total potential weekly income per cabin = $1720
o Total potential weekly income for three cabins = $5160
o Total potential annual income for three cabins = $268,320 (note: does not include higher rates for public holidays)
o You could estimate your income by multiplying that by the occupancy rate you think you could achieve based on your lifestyle/how much you want to push the business.

Features Include: LAND - 100 acres of beautiful countryside with fertile creek flats and bordered by a permanently flowing creek.

​FARMHOUSE - Three bedroom plus office with North-facing sunroom and air-conditioning. Potential house sites to build a new home if desired.

Restaurant/Cafe - Separate open-plan studio with large deck and expansive views over the property. Suitable for a range of potential uses. (Country weddings are highly sort after)

​CABINS - Three short-term holiday accommodation cabins (rented as a couples getaway). Two recently renovated one new (2020). Earning capacity* of over $5000 per week. DA approval for another seven cabins to be built.

​LOCATION - Situated north of Kyogle - Under two hours from Brisbane/Gold Coast. The property is located in the picturesque Gradys Creek valley, set at the foothills of the Border Ranges National Park.

​PASTURES - Rich basalt soil, plenty of water, and a good mixture of native and improved pastures. Currently running 35 Wagyu breeders plus progeny.

​WATER - Excellent water security. Water sourced from rainwater with several tanks for storage, plus reliable creek. Irrigation License 36ML.

​RATES - $1469 p.a.

A magnificent property and business opportunity in one!

Property History for 602 Gradys Creek Rd, Gradys Creek, NSW 2474

A timeline of how this property has performed in the market
Last Sold
$1,315,000
07 May 2021
  • 07 May 2021
    Sold for $1,315,000
  • 07 Mar 2021
    Listed for Sale Price on enquiry
  • 14 Jun 2019
    Sold for $104,000
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About Gradys Creek 2474

The size of Gradys Creek is approximately 71 square kilometres. It has 2 parks covering nearly 60.1% of total area. The population of Gradys Creek in 2011 was 252 people. By 2016 the population was 35 showing a population decline of 86.1% in the area during that time. The predominant age group in Gradys Creek is 40-49 years. Households in Gradys Creek are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Gradys Creek work in a managers occupation. In 2011, 75% of the homes in Gradys Creek were owner-occupied compared with 89.5% in 2016..

Gradys Creek has 40 properties. As at 31 August 2024:

  • The median value for Houses in Gradys Creek is $870,950.
There are currently no properties listed for sale, and no properties listed for rent in Gradys creek on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Gradys creek.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.