OFF MARKET

216 Spring Farm Road
Spring Farm SA 5453

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 220m2
Land area: 169000m2
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Property Details for 216 Spring Farm Rd, Spring Farm

216 Spring Farm Rd, Spring Farm is a 3 bedroom, 2 bathroom House and was built in 2005. The property has a land size of 169000m2 and floor size of 220m2. While the property is not currently for sale or for rent, it was last transferred in October 2022.

Building Type
House
Year Built
2005
Floor Size
220m2
Land Size
169000m2
Local Government
Clare & Gilbert Valleys
Lot/Plan
A40/D58091

Last Listing description (October 2022)

Here is a rare opportunity to purchase the thriving and popular 'Olive Bus' cellar door, caf and bar with all fixtures and fittings. A tree change lifestyle awaits with an architecturally designed home at the top of the hill commanding views eastwards across the olive grove and Dunns Ranges; set on 17ha and only 5 minutes from the Clare CBD.
The Olive Bus is converted bus permanently sited on the edge of the olive grove offering stunning views across vineyards creating a beautiful ambience and peaceful atmosphere to enjoy a coffee, glass of wine and fine food. The Olive Bus has a fully equipped kitchen with a commercial dishwasher, fridges, a freezer, a coffee machine (owned outright and not under any contract), air conditioning and seating for up to five people inside (restrictions permitting). A large shelter over the bus has seating for a further 25 people with zip blinds, an outdoor kitchen and a wood fired pizza oven. The Olive Bus also has a full liquor licence permitting up to 100 people for functions, birthdays, corporate events and private bookings. The bar has its own kitchen, wine and food fridges and a freezer with a servery opening onto a large covered deck with seating for twelve people and more standing. Further to this, a unique, very popular seating area known as the 'Bird Cage' provides private al fresco dining.
The architecturally designed home is an open plan design with two Nectre combustion heaters, a split system A/c and, together with triple insulation in the ceiling and walls ensures the house is cool in the summer and toasty warm in the winter. Across the main living area of 60m2 are feature Jarrah beams and walls with soft down lights, polished concrete floors and double glazed windows throughout.. The new timber kitchen has well-appointed appliances, a long island bench with seating for six. The front lounge room has 5m high ceilings, a split system air conditioning and fantastic views to the west capturing the sunsets. 3 bedrooms with built-in robes with large ensuite, freestanding bath, shower room and second bathroom. There are two study areas. The home has a Nationwide House Energy Rating Scheme (NatHERS) of 7.2 exceeding the 6.8 rating needed on all new houses. The house also has thermal blinds on all windows and 6kW of solar, There is another solar system on the Olive Bus generating 8kW, and all are linked by 3-phase power to the property. Three tanks adjacent to the house provide around 75,000 litres of water storage sourced from rainwater or from a bore situated right next to the tanks. The house is also connected to mains power and water and NBN via wireless. To the rear of the house a large covered outdoor area with down lights and fans provides a perfect entertaining area overlooking the olive grove.

Potential Income Olive Grove and Vacant Land
There are approximately 700 Koroneiki olive trees, all dry grown, which yield approximately 800kg of olives annually. Not all trees are harvested each year due to time constraints and the tonnage represents about one quarter of the total crop available. Koroneiki olives are well known for their high oil yield, averaging around 20 - 25% return, meaning 160 litres of certified Extra Virgin Olive Oil can be easily harvested annually. The oil has won several awards at the Royal Adelaide Show and sells very quickly at The Olive Bus. On the western boundary is a paddock of approximately 5ha of farming land that is leased out to a local farmer generating a small income.

Summary: We are selling 'The Olive Bus' business, family home, olive grove and farmland on approximately 17ha.

Property History for 216 Spring Farm Rd, Spring Farm, SA 5453

A timeline of how this property has performed in the market
Last Transferred
$880,000
28 Oct 2022
  • 28 Oct 2022
    Transferred for $880,000
  • 11 Mar 2022
    Listed for Sale $1,450,000
  • 19 Jun 2018
    Transferred
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About Spring Farm 5453

The size of Spring Farm is approximately 12.5 square kilometres. The population of Spring Farm in 2011 was 300 people. By 2016 the population was 104 showing a population decline of 65.3% in the area during that time. The predominant age group in Spring Farm is 40-49 years. Households in Spring Farm are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Spring Farm work in a managers occupation. In 2011, 73.2% of the homes in Spring Farm were owner-occupied compared with 77.5% in 2016..

Spring Farm has 93 properties. Over the last 5 years, Houses in Spring Farm have seen a 63.02% increase in median value. As at 31 August 2024:

  • The median value for Houses in Spring Farm is $744,214 while the median value for Units is $212,945.
There are currently 1 property listed for sale, and no properties listed for rent in Spring farm on OnTheHouse. According to CoreLogic's data, 2 properties were sold in the past 12 months in Spring farm.

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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.