Ray White Rural South Australia is proud to offer 'Koonara' and 'Lot 4' for sale by Expressions of Interest. This offering is a rare opportunity indeed, as it is located in the heart of the famous Coonawarra region in South Australia. A substantial parcel (287ha) of highly productive land with secure water entitlements (167*mega litres) is being offered within this renowned region.
Key highlights:
• Located within the Coonawarra Geographical Indication (GI) area 2*km east of the Coonawarra township just off the Riddoch Highway, 11*kms north of Penola. The property is located 374*kms south east of the Adelaide CBD
• Land area: 287.08ha (709.37*acres) across 4 Certificates of Title
• Comprising generally flat to gently undulating land comprising fertile soils of rich red and black loam with sections of sandy areas
• There is 280*ha of arable land suitable for cropping and has previously been sown to pasture including various clover, rye grass, phalaris plus potatoes, canola and wheat
• The sale includes 2 x water licences with a total allocation of 167*mega litres
• There are 4 equipped bores plus additional irrigation bore (unequipped)
• Currently fenced into 9 x main paddocks, boundary fencing is considered to be in average to poor condition whilst the internal fencing is considered to be in sound condition.
Main Homestead (1900's):
• Bungalow style home with galvanised iron roof and weatherboard cladding
• 4 main bedrooms, 2 living areas, country style kitchen, family bathroom, office, storeroom and laundry.
'Koonara Cottage':
• Timber framed cottage, 3 bedrooms, kitchen / dining with adjoining family / living area, bathroom and laundry. Currently tenanted for $150 per week.
Farm Shedding and Livestock Yards:
• 2 x hay sheds with open sides (5*m x 9*m & 7*m x 12*m)
• Old timber framed shearing shed and lean to storage area (poor condition)
• Small one room cottage with lean-to (old and requiring maintenance)
• Mount Gambier stone shed including rear lean to (20*m x 8*m)
• A set of railway iron cattle yards
The new owner will have flexibility to consider multiple farming enterprises including prime livestock production, cropping enterprises plus potential for viticultural development. The Coonawarra region is renowned for its suitability to viticulture. 'Koonara' and 'Lot 4' is being sold with 2 water licences totalling 167*megalitres providing an extremely rare opportunity for the new purchaser to consider the property for viticultural development.
The properties have been held within the Reschke family for over 110 years which is testament to the reliability and versatility of the rich soils and consistent high rainfall. Land holdings of the size which have a water licence attached simply do not come onto the market in this region.
Please contact sole selling agent Ray White Rural South Australia for further details.
Expressions of Interest:
Closing 10am, Wednesday 15th December 2021 (ACST).
Settlement:
60 days from the execution of a formal contract or other date mutually agreed upon by both Vendor and Purchaser.
Daniel Schell
0415 436 379
daniel.schell@raywhite.com
Nedd Golding
0408 422 816
nedd.golding@raywhite.com
Geoff Schell
0418 842 421
geoff.schell@raywhite.com
Ray White Rural South Australia
249 Greenhill Road, Dulwich SA 5065
(*approx.)
