15006 Riddoch Highway

Coonawarra SA 5263

LOCATED 370KMS FROM ADELAIDE AND 430KMS FROM MELBOURNE IS THE COONAWARRA WINE REGION. A JEWEL IN ITS CROWN IS THE COONAWARRA UNITS PART OF THE OLD CHARDONNAY LODGE. CONSISTING OF 39 LARGE HIGH QUALITY UNITS THE PROPERTY OFFERS A REAL OPPORTUNITY TO MAKE THIS A THRIVING BUSINESS IN A RENOWNED AREA.THE COONAWARRA UNITS ARE BUILT ON TERRA ROSSA SOILS OVER LIMESTONE AMONGST THE FAMOUS, PREMIUMVINEYARDS.STRATA CORPORATION NO 13821 INC. COVERS AN AREA OF 1.21HA.THE 3 BUILDINGS CONSIST OF: STRATA TITLE UNITS 1 TO 11 STRATA TITLE UNITS 12 TO 21 STRATA TITLE UNITS 22 TO 33 INCLUDING GUESTS LAUNDRYTHE 33 STRATA TITLES ARE CONFIGURED AS 39 ACCOMMODATION UNITSWITH ASSOCIATED COMMON AREA OF LAWNS, GARDENS AND DRIVEWAYS.WATER LICENCETHE INDUSTRIAL WATER LICENCE NO 11363 IS FOR MAIN SUPPLY AND IRRIGATION OF THE LAWNS AND GARDENS ANDIS SOURCED FROM A TYPICAL COONAWARRA SHALLOW BORE.HALF OF THE YEAR THE UNITS OPERATE WITH RAIN WATER FROM STORAGE (90,000 LITRE TANK UNDER THE GAZEBOAND 22,000 LITRE TANK ADJACENT TO PUMP) ON SITE WITH A BACKUP OF THE UNDERGROUND BORE WATER WHICHIS PROCESSED THROUGH A WATER SOFTENER.THE BORE WATER IS METERED, BUT ONLY PUMPING COSTS ARE INCURRED. BOTH THE MAIN SYSTEM PUMP AND BOREPUMP HAVE RECENTLY BEEN UPGRADED WITH NEW PUMPS AND CONTROLS.STRATA CORPORATION NO 13821 INC. CONSISTS OF 33 STRATA TITLES.UNIT OWNERS IN THE STRATA CORPORATION HAVE AGREED TO SELL THEIR PROPERTIES AND COMPLETED SALES AGENCYAGREEMENTS WITH TDC OF PENOLA.PROPERTY DESCRIPTIONSTHE ACCOMMODATION UNITS ARE BUILT IN A STYLE OF 3 BLOCKS OF ROW COTTAGES AROUND A VILLAGE GREEN.THE BUILD QUALITY OF THE SPACIOUS APARTMENT STYLE UNITS IS EXCEPTIONAL WITH THE FIRST 25 ACCOMMODATIONUNITS OPENED IN 1985.14 OF THE TOP RATED UNITS WERE OPENED IN 2000. IN 2008, 22 OF THE ORIGINAL UNITS HAD MAJOR UPGRADESINCLUDING COMPLETELY NEW BATHROOMS, NEW KITCHENETTES AND LIGHTING ETC.FEATURES OF THE UNITS WHICH SET THEM APART AND ARE APPRECIATED BY CUSTOMERS AND INCLUDE: DOUBLE BRICK AND TIMBER CONSTRUCTION PROVIDING HIGH QUALITY SOUND PROOFING AND GOOD INSULATION. A SECOND ENTRANCE DOOR OPENING ON THE PEACEFUL LAWNS AND GARDENS OF THE VILLAGE GREEN. QUALITY TIMBER WINDOWS WITH DISAPPEARING SCREENS INTO THE CAVITY WALLS. PARKING AT THE DOOR OF EACH UNIT. A WIDE RANGE OF UNIT STYLES INCLUDING LARGE INTERCONNECTING UNITS, SPA SUITES, AND TWO BEDROOMSTYLE APARTMENTS. A KITCHENETTE WITH FRIDGE AND MICROWAVE ENABLING LIMITED SELF-CATERING FACILITIESTHE 39 ACCOMMODATION UNITS ARE MADE UP OF; 2 KING BED SUITES 5 LUXURY QUEEN BED SPA UNITS 3 LUXURY QUEEN BED UNITS 1 A DISABLED UNIT 24 STANDARD QUEEN BED UNITS 4 ECONOMY QUEEN BED UNITS 1 UNIT 1 2 QUEEN BED APARTMENTTHE AGELESS RETRO COLONIAL ARCHITECTURAL QUALITY OF ALL THE BUILDINGS IS IN GOOD CONDITION.FROM 1995 UNTIL 2013 CHARDONNAY LODGE OPERATED ON THE BASIS THAT THE OWNERS OF THE FRONT RESTAURANT,CONFERENCE PROPERTY AND MANAGER S RESIDENCE, LEASED THE ACCOMMODATION UNITS PAYING QUARTERLY RENTALTO THE INDIVIDUAL OWNERS. IN 2013, CL AT C PTY LTD AND ITS ASSOCIATED ENTITIES CEASED THE LEASING OF THEUNITS AND CLOSED THEIR OPERATION.THE STRATA CORPORATION UNIT OWNERS HAVE UPGRADED SOME OF THE ESSENTIAL SERVICES AND ARE CURRENTLYOPERATING THE ACCOMMODATION UNITS INDEPENDENTLY OF THE SEPARATELY OWNED SECTION OF THE COMPLEX.BOOKINGS ARE BEING TAKEN IN THE MONTHS AHEAD.THIS QUALITY PROPERTY HAS GREAT POTENTIAL TO ACCOMMODATE GROUPS AND TOURISTS TO COONAWARRA, BEING A POPULAROVERNIGHT DESTINATION FOR INTERNATIONAL GUEST TRAVELLING BETWEEN THE GREAT OCEAN ROAD AND ADELAIDE.THIS IS AN IDEAL INVESTMENT PROPERTY THAT COULD BE OPERATED BY A LARGE RESORT ACCOMMODATION PROVIDEROFFERING A LINK BETWEEN ADELAIDE AND MAJOR VICTORIAN TOURIST DESTINATIONS.PRICE $2100000THIS PRICE IS 60% OF THE GOVERNMENT VALUATIONS.