$99,000.00
Lifestyle opportunity.
Get away from the hustle and bustle of city life, or move into town from an outlying property. Only 250km from Adelaide and with easy access to the Mallee, South East regions and Western Victoria.
Approx 1012sqm of lifestyle land in the centre of Pinnaroo opposite the local showground and sporting facilities. Pinnaroo is well serviced with good shopping and other facilities, its own golf course, swimming pool, hospital and school, all within easy reach. Many other sporting and community facilities are there to complete the country lifestyle. The school gymnasium also hosts a variety of sports activities.
According to the 2011 census, the following figures apply to Pinnaroo: total population 558, of whom 280 were male and 278 female with a median age of 47. There were 309 private dwellings recorded.
The surrounding area has long been known for its dry land farming: wheat, barley, sheep and mixed farming, complemented more recently by significant potato, onion and other intensive cropping made possible by strong supplies of artesian water. These industries also employ many locals.
The current owners purchased the property in 2007. Since then they have added capital works of almost $80,000:
- Cosy, self-contained, reverse cycle air conditioned 12m x 3m cabin with lounge, kitchen, one bedroom and attached bathroom/laundry. Built in 2008-9 the cabin can be used as a residence, office or even rented out for additional income. The cabin is completed by a verandah with timber decking and an adjacent freestanding carport.
- Shop building, 12 x 6 metres in size, is timber lined and air conditioned.
- Dry goods storage attached to shop building covers a further 6 x 6 metres.
- Town water is supplied and complemented by 2 x 9,000 litre rainwater tanks.
- Outside toilet for customer use.
- An on-site caravan provides additional storage space.
The owners ran a local business (Oasis Nursery) on the property and have established a number of buildings and covered shade areas which are adaptable to a wide variety of uses. When it was run as a business the property provided a comfortable lifestyle for a work-from-home couple. It is now up to the imagination of the new owners to decide how they would like to adapt the property to achieve their desired potential - work from home, work your hobbies, retire quietly - it's all up to you!
Investor?
- Continue to rent out the cabin,
- Rent the shed/shop to a business owner and there could be a very positive return for a modest outlay,
- The cabin is currently let to a settled tenant for $150 per week,
- At a price of, only $99,000 that's better than 7% return on the cabin alone.
The owners have moved away and want it sold. All offers will be presented.
Local government rates and effluent service charge are approximately $1200pa.
Please note: Photos of the Garden Centre were taken when the business was running on the site. The business is no longer in operation, but the photos give an indication of a possible future use based on past experience.
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