Rare opportunity with huge future potential
RIPPLES ON THE CREEK offers the opportunity to purchase a beautiful property with so much potential. Located just outside of Kyogle and within a short distance to the highly sort after scenic rim, this property has loads to offer. Under 100kms to the Byron airport. Once running as a popular restaurant and wedding venue, this property has all the foundations in place to kick start a thriving business. The restaurant space is able to seat over 80 people. Accommodation for guests with 3 luxury cabins by the creek, but wait... there is more! Ripples has recently been approved to build another 7 cabins! This property has so many opportunities. It could be a lifestyle property with an income or a thriving business. The main homestead is located behind the restaurant, but there is also a option to build further up on the hill. Potential income: *The earning capacity if the occupancy rate was 100% is calculated as follows: o Total potential weekly income per cabin = $1720 o Total potential weekly income for three cabins = $5160 o Total potential annual income for three cabins = $268,320 (note: does not include higher rates for public holidays) o You could estimate your income by multiplying that by the occupancy rate you think you could achieve based on your lifestyle/how much you want to push the business. Features Include: LAND - 100 acres of beautiful countryside with fertile creek flats and bordered by a permanently flowing creek. FARMHOUSE - Three bedroom plus office with North-facing sunroom and air-conditioning. Potential house sites to build a new home if desired. Restaurant/Cafe - Separate open-plan studio with large deck and expansive views over the property. Suitable for a range of potential uses. (Country weddings are highly sort after) CABINS - Three short-term holiday accommodation cabins (rented as a couples getaway). Two recently renovated one new (2020). Earning capacity* of over $5000 per week. DA approval for another seven cabins to be built. LOCATION - Situated north of Kyogle - Under two hours from Brisbane/Gold Coast. The property is located in the picturesque Gradys Creek valley, set at the foothills of the Border Ranges National Park. PASTURES - Rich basalt soil, plenty of water, and a good mixture of native and improved pastures. Currently running 35 Wagyu breeders plus progeny. WATER - Excellent water security. Water sourced from rainwater with several tanks for storage, plus reliable creek. Irrigation License 36ML. RATES - $1469 p.a. A magnificent property and business opportunity in one!
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