Lot 101 Miller Street Clarendon, SA 5157

Nick Psarros is pleased to present to the market the beautiful Clarendon Estate!

Set in the stunning Clarendon Hills valley, an opportunity has now arisen for the astute buyer to resurrect this once reputable and established estate! Located only 30 minutes south of the CBD is the hidden treasure of the Old Clarendon Winery.

The Old Clarendon Winery is set around historic buildings (circa 1859) that formed part of the first winery in Clarendon. Oozing in character and a distinctive rustic feel, this grand estate, of over approximately 5.6 acres, is filled with a rich history of entertaining combined with its sweeping driveways and beautiful vintage rooms.

The complex is built into the hillside, complementing the original charm of the historic and heritage listed buildings, and overlooks the Onkaparinga River and the Clarendon Valley. Nestled into the hill above the complex are 25 apartments, all with spectacular views and quiet, comfortable surrounds.

Sold as is, this estate needs some TLC. Renovate it to its former glory or make it your own!

The estate consists of:

• 25 apartments with car parking
• Three function/dining areas
• Two gardens for weddings
• Outdoor terrace/deck for dining
• Outdoor entertaining area
• Reception area and office spaces
• Winery including vats and approximately 180,000+ litres of wine
• Two industrial kitchens
• All plant equipment

Upon purchase, the new owner has an instant income of approximately $255,000 per annum for the lease of 24 of the 25 apartments (1 is currently under refurbishment) PLUS an additional 2 apartments and a home, bringing in an additional $48,000!! That's approx $300,000 income! Perfect to assist with renovating the remainder of the estate!

A fantastic investment opportunity for the astute buyer! To be part of the resurrection of this historical estate, contact Nick Psarros today on 0400 506 555 to register your interest!

Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.