314 Kangarilla Road

Mclaren Flat SA 5171

Live in one & manage the other two on AirBnB & booking.com or stay where you are & control it all remotely; the options are plenty on a property with the added bonus of a hobby vineyard & striking art sculptures.

Truth is; it's hard to pick a favourite. The Cottage carries that old-world charm that a character home should. With its cathedral ceilings, mezzanine bedroom & pool, The Chapel is truly unique.

And, thanks to a modern bathroom with a freestanding tub & big, green view; The Gallery adds a bit of luxury to this versatile equation.

Since 2017, it's all added up to yearly income growth, tipping the scales of $100,000 in 2019, making this a sound business opportunity in its own right.

The Cottage

2 bedroom built in circa 1920's.
Courtyard area with BBQ, Slow wood combustion fireplace, reverse cycle split air con, ceiling fans electric oven, gas hot water.

The Chapel

Built in 2004 1 bedroom on Mezzaine level.
Split system r/c air conditioner, gas hotplates, electric hot water, ceiling fan.
Salt chlorinated swimming pool.

The Gallery

1 bedroom built in 2004 fully refurbished in 2017.
Gas log fireplace, reverse cycle split air con, gas hot plate, gas hot water, electric oven, free-standing bath, double shower, double vanity.

Background - The current owners purchased the property in May 2015. Prior to settlement the three buildings on the property had been used as a cellar door/coffee shop, primary residence & B&B.

The current owners renovated the B&B building (The Cottage) including the installation of a new bathroom, made several cosmetic updates to the residence (The Chapel) & opened both buildings to B&B guests from July 2015.

Development Approval was obtained in January 2017 to renovate the cellar door/coffee shop building. That building was gutted & transformed into what is now The Gallery B&B. The works conducted extended beyond that internal redesign & included the installation of a 20,000 rain water tank, fire hoses & other substantial upgrades to meet the BAL 19 requirements. The Gallery welcomed its first B&B guests in June 2017.

Extensive landscaping works were carried out at the property in 2019 including the removal of several large trees & large scale clearing around the three buildings.

Operational Information - All three buildings, The Cottage, The Chapel & The Gallery, are currently being rented out as B&B accommodation. The overwhelming majority of bookings are made via the internet (approx 90%) through on-line distributors Booking.com & Expedia, AirBnB & own website.

Future Bookings

Based on their experience the current owners estimate that the majority of bookings are made 4-6 weeks in advance. Bookings made beyond this time frame are unusual. Conversely, a high number of last minute (within the next week) bookings are the norm.

Visitors are starting to return to the area as COVID-19 restrictions are being lifted. The removal of South Australia's quarantine requirement for interstate travellers on 20 July 2020 is encouraging.

The value of future bookings as from 12 July 2020 (as at 10 July 2020) is $12,625.

For Sale

This exciting property is being offered for sale by expressions of interest as a going concern on a walk in walk out basis.

For more details & to register your interest please contact
Mike Cross 0438 323 933

Disclaimer:
The information contained in this document is provided as an aid to further investigation. Information in this document may have been provided to
Southgate Real Estate by other people and therefore we do not warrant that it is accurate or correct. All figures quoted are approximations only. Independent
parties should make their own enquiries and seek independent advice before acting.