SA. 5211 (61) 0885521418 horseproblems@horseproblems.com.au

 

 

 

GAINSBOROUGH EQUESTRIAN CENTRE

4 SALE

" The income pays the Mortgage"

 

$1,795,000

 

5 Minutes from the Rat Race but with the Kookaburras laughing and the Koalas snoring. Tranquility for Horses and Humans.

 

THE FIGURES

OUR ACCOUNTANTS

SMP Chartered Accountants. - Tim Shierlaw 0885559500

 

CURRENT INCOME

$2200 a Week.

 

WENWAY 2016 TAX DOCUMENTS HERE

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two

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COUNCIL RATES HERE

 

rates notice

 

 

TAX


All Taxation work has been finished Today, for 206/207. Going to accountant Tomorrow.

 

 

  1. 'Gainsborough' supports more than double the cost of any level of Deposit as demanded by the Banks. It pays 2.5 times a 70% Mortgage Line.!!....WITHOUT self generation of any Horse related Business Services!! and not including Rent for the HOme qat $400 a week or 2 extra stables @$100 a Week.

  2. Subdivision in 10 Years.


REASON FOR SALE


We live at Victor Harbor. ( 9 Years)  It used to be 90 Minutes drive. It is now over 2 Hours. The Roads have not kept pace with the Population Grrrrrrrrrrrrrrrr  and John is getting too Old.

 

THE HISTORY

20 Years ago, John and Linda O'Leary purchased the Property, in a completely run down state. They named is 'Gainsborough', after John's Uncle's Racehorse Stud that he built in the 60's in Queensland, to house a Stallion he had Purchased off Queen Elizabeth 11. Alfred Grant basically invented Surfers Paradise.

 

THE FACTS

  • Owned 23 Years and no Capital Gains Tax. (Legal Opinion paid for from Perks Accountants)

  • Reason for sale, subdivision confirmed for 10 Years time and Owner doesn't want to wait...and the property (due to increase in Traffic)  is now 2 hours drive from Vendors' Home.

  • Owned in a Company. 100 Shares.  ( Purchased 23 Years ago in the same Company) 

    Wenway Pty Ltd

  • Sold as a going concern and no GST applicable

  • Owned 20 Years, the closest and best Equestrian Centre to the City. 3 Minutes from Woolworths.

  • Bullet Proof and booked out throughout

  • Subdivision commencing across the Road soon.

  • 30 Stables, Yards, Paddocks and 2 more approved with Construction Site done.

  • 6kw Solar System and the property incurs around $200 a Year electricity charges only . No power bills.

  • Approved and Licensed Bore

  • 250,000 Litres of Rainwater (on most Stables)

  • Security Systems.

  • Wrought Iron and Pillar front Fence

  • 3 Car Garage plus workshop with full size Pit.

  • Workshop

  • Saddlery Shed

  • Hay Shed, Silo, Crush

  • 3 Wash Down Bays and tie up areas

  • 3 Round Yards

  • ALL WEATHER (no matter what) Show Jumping and Flood Lit Dressage Arenas.

  • Public Car Park, 2 Horse Float Loading and Parking areas

  • 3 Electric Fence systems

  • Heavily Wooded and shaded, EVERYWHERE!!! Resident Koalas and Kookaburras

  • 37 Minutes (23 kms from Adelaide Central)

  • No water/sewerage bills.

  • Improved and weed free pastures.

  • Totally horse safe fencing with 8 inch Posts, 150 x 50 Creosote Rails,  post and rail, 100 x 50 x 2.5mm Galvanized Yard Rails,  electrics everywhere,  and bayco plastic. NO WIRE ON THE PROPERTY!!

 

INCLUDED IN SALE

 

  • The Holding Company and 100 Shares

  • The Registered Business Name 'Gainsborough Equestrian Centre"

  • The Business of 'Gainsborough Equestrian Centre

  • 22 Poly Rain Water Tanks

  • Closed Circuit Security system

  • 6 KW Solar system

  • Sprinkler systems on Roofs of Stables 1-10 (the Bush Fire direction)

  • 8 Tone Silo

  • Crush.

  • 4 Electric Fence Units

  • Show Jumps

  • Solar Units, inverters and Batteries covering 14 Stables.

 

 

EXTRA AVAILABLE BUSINESS

 

  • The Management has knocked back a minimum of 2 new Riding Pupils per Week, for 20 Years. Advising a Client to start accepting some of these, a $7,000 per Week income was achieved inside 2 Years, by that Lady (who was a Novice)

  • A Farrier wouldn't have to step off the Property

  • If Race Horses were spelled it would be the closest to Metro and Gawler Courses.

  • A Coach would immediately be viable.

     

    HOME


    4 Bedroom (all large) living, Office, 2 En-suits, massive Kitchen, Dining, Two Walk in Robes, walk out to Fernery from Lounge and Main Bedroom, reverse cycle air-conditioning and a Split system, paved entertainment area.

     

    HOME TOTALLY AND FULLY RENOVATED AS NEW!!!!!!!!!!! including electrical.  $100,000 spent. all light fittings, floors, tiles, window dressings, paint inside and out, kitchen, bathrooms, new doors throughout, new skirting boards throughout, down lights throughout.

 

 

The Property is Internationally known with the best name. Google see's it as a location.