Price Undisclosed

6 Bed  •  5 Bath  •  0 Car  •  404685.64224m²

Main view of Homely rural property listing, 602 Gradys Creek Road, Kyogle NSW 2474
Second view of Homely rural property listing, 602 Gradys Creek Road, Kyogle NSW 2474
Third view of Homely rural property listing, 602 Gradys Creek Road, Kyogle NSW 2474
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602 Gradys Creek Road, Kyogle NSW 2474

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Price Undisclosed

  • 6
  • 5
  • 0
  • 404685.64224m²

Rural Property Sold on Mon 12 Apr, 2021

What's around Gradys Creek Road

Rural Property description

“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!

Property features

airConditioning

Air Conditioning

secureParking

Secure Parking

Land details

Area: 404685.64224m²

Property video

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Fourth view of Homely rural property listing, 602 Gradys Creek Road, Kyogle NSW 2474View more
Fifth view of Homely rural property listing, 602 Gradys Creek Road, Kyogle NSW 2474View more

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602 Gradys Creek Road, Kyogle NSW 2474
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