OFF MARKET

492 Lovedale Road
Lovedale NSW 2325

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 3000m2
Land area: 290900m2
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Property Details for 492 Lovedale Rd, Lovedale

Building Type
Commercial
Floor Size
3000m2
Land Size
290900m2
Local Government
Cessnock
Lot/Plan
10/DP1093208

Last Listing description (November 2017)

Located on an elevated seventy two acre parcel with spectacular views in the beating heart of Hunter Valley Wine Country, this extensive estate features a well established premium vineyard. It includes an ultra-modern cellar door sales building, state of the art olive processing facility, three architecturally designed luxury accommodation lodges and an in-ground swimming pool for guest use. There is also a fine dining restaurant and day spa, both of which are leased. The property is less than two hours easy drive from Sydney and approximately thirty minutes drive from Newcastle via the Hunter Expressway.
The multi award-winning Adina label is made from estate-grown fruit and the vineyard production includes old vine Shiraz, Cabernet, Sangiovese, Semillon, Pinot Gris / Grigio and Chardonnay varieties. Retail sales are made through the sleek and modern Cellar Door, on-line sales and via the Adina wine club. Wine products are profitable in their own right. But wine is only one of the sources of income that the property generates.
The property is considered by many to be the home of the olive industry in the Hunter Valley not just because of the quality of fruit that is produced from the

olive grove, but because it has both the largest and most modern processing plant in the lower Hunter Valley. Adina processes and sells its own olive products
as well as processing and producing olive products for a large number of growers and retailers throughout the Hunter and elsewhere.
The three separate and fully self-contained three bedroom luxury lodges overlook the estate s own vineyards and olive groves and can each accommodate up to six guests in luxurious comfort. All bedrooms have ensuites and all lodges have open living spaces with spectacular views and are air-conditioned and feature gas log fires.
A short walk from the accommodation is the award winning Emerson s restaurant which is considered one of the Hunter Valley s best restaurants and is a local favourite that is leased to an excellent established operator on a long-term basis. The restaurant provides a solid income stream and supports the cellar door and accommodation operations. In addition to the restaurant there is the Hunter valley Reflections Day Spa which is also leased to an excellent operator providing further income.
An exceptionally rare offering in the Hunter Valley marketplace, Adina is genuinely offered by realistic vendors.
Inspection strictly by prior appointment.

Property History for 492 Lovedale Rd, Lovedale, NSW 2325

A timeline of how this property has performed in the market
Last Sold
$5,500,000
29 Sep 2017
  • 29 Sep 2017
    Sold for $5,500,000
  • 05 Sep 2015
    Listed for Sale Enquire within
  • 24 Dec 2003
    Sold for $950,000

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About Lovedale 2325

The size of Lovedale is approximately 43.8 square kilometres. It has 3 parks covering nearly 16.1% of total area. The population of Lovedale in 2011 was 339 people. By 2016 the population was 494 showing a population growth of 45.7% in the area during that time. The predominant age group in Lovedale is 60-69 years. Households in Lovedale are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Lovedale work in a professional occupation. In 2011, 81.5% of the homes in Lovedale were owner-occupied compared with 86.1% in 2016.

Lovedale has 423 properties.

    There are currently 1 property listed for sale, and no properties listed for rent in Lovedale on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Lovedale.

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