$1.8m - $1.85m
If your into horses, look no further.
Great for family style living, great to raise kids, great entertaining area.
THE PROPERTY
The property has 5.5 acres of land. (22,264 Sqm)
Redevelopement is now possible. Now zoned Rural Residential (1/2 acre residential blocks)
There is a Main 5 x 2 Residence, Second 2 x 1 Residence, Stable block for 10 horses with outside yards, 2 large sheds, 14 paddocks, Olympic size dressage arena, 20m lunging yard plus one holding yard and BBQ/Patio area.
The property is currently used to agist horses.
It is suitable for agistment, riding school, breeding or stud, etc.
We also have use of the two neighbouring 6 1/2 acre properties by private agreement. Total of 18 1/2 acres.
We run approximately 43 - 45 horses all the time.
Turnover in agistment fees is approximately $250,000/yr at a cost of 25% of t/o plus external labour.
Depending on how much external labour you employ, this will vary your gross profit.
Existing owners do not work on the property. All workers are employed on a full or part time basis.
This includes day, night and weekend staff.
Current agistment prices are $178/wk for stable/paddock and $132/wk for paddock.
Please see business website at www.corandaestate.info for more information and photo's.
5 large bedroom x 2 bathrooms 2 bedrooms x 1 bathroom
Entertainment area at rear. Jumping area.
Riversand Dressage Arena Gold N Oak getting a work out.
Please "click" on links below for more info & photo's.
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The property is currently operated under the name "Coranda Estate Equestrian Centre"
Go to corandaestate.info for more details.
Appointments to view can be made with owner by email or call 9497 9444.