'Koonara' & 'Lot 4', Coonawarra SA

Ray White Rural South Australia is proud to offer 'Koonara' and 'Lot 4' for sale by Expressions of Interest. This offering is a rare opportunity indeed, as it is located in the heart of the famous Coonawarra region in South Australia. A substantial parcel (287ha) of highly productive land with secure water entitlements (167*mega litres) is being offered within this renowned region.

Key highlights:
• Located within the Coonawarra Geographical Indication (GI) area 2*km east of the Coonawarra township just off the Riddoch Highway, 11*kms north of Penola. The property is located 374*kms south east of the Adelaide CBD
• Land area: 287.08ha (709.37*acres) across 4 Certificates of Title
• Comprising generally flat to gently undulating land comprising fertile soils of rich red and black loam with sections of sandy areas
• There is 280*ha of arable land suitable for cropping and has previously been sown to pasture including various clover, rye grass, phalaris plus potatoes, canola and wheat
• The sale includes 2 x water licences with a total allocation of 167*mega litres
• There are 4 equipped bores plus additional irrigation bore (unequipped)
• Currently fenced into 9 x main paddocks, boundary fencing is considered to be in average to poor condition whilst the internal fencing is considered to be in sound condition.

Main Homestead (1900's):
• Bungalow style home with galvanised iron roof and weatherboard cladding
• 4 main bedrooms, 2 living areas, country style kitchen, family bathroom, office, storeroom and laundry.

'Koonara Cottage':
• Timber framed cottage, 3 bedrooms, kitchen / dining with adjoining family / living area, bathroom and laundry. Currently tenanted for $150 per week.

Farm Shedding and Livestock Yards:
• 2 x hay sheds with open sides (5*m x 9*m & 7*m x 12*m)
• Old timber framed shearing shed and lean to storage area (poor condition)
• Small one room cottage with lean-to (old and requiring maintenance)
• Mount Gambier stone shed including rear lean to (20*m x 8*m)
• A set of railway iron cattle yards

The new owner will have flexibility to consider multiple farming enterprises including prime livestock production, cropping enterprises plus potential for viticultural development. The Coonawarra region is renowned for its suitability to viticulture. 'Koonara' and 'Lot 4' is being sold with 2 water licences totalling 167*megalitres providing an extremely rare opportunity for the new purchaser to consider the property for viticultural development.

The properties have been held within the Reschke family for over 110 years which is testament to the reliability and versatility of the rich soils and consistent high rainfall. Land holdings of the size which have a water licence attached simply do not come onto the market in this region.

Please contact sole selling agent Ray White Rural South Australia for further details.

Expressions of Interest:
Closing 10am, Wednesday 15th December 2021 (ACST).

Settlement:
60 days from the execution of a formal contract or other date mutually agreed upon by both Vendor and Purchaser.

Daniel Schell
0415 436 379
daniel.schell@raywhite.com

Nedd Golding
0408 422 816
nedd.golding@raywhite.com

Geoff Schell
0418 842 421
geoff.schell@raywhite.com

Ray White Rural South Australia
249 Greenhill Road, Dulwich SA 5065

(*approx.)

Explore the area

View in Google Maps

School catchments

Penola High School Secondary 7-12 Government 9.0km
Penola Primary School Primary R-6 Government 9.7km
Mary MacKillop Memorial School Primary R-6 Catholic 9.8km
Nangwarry Primary School Primary R-6 Government 27.8km
Kalangadoo Primary School Primary R-6 Government 33.4km
Naracoorte South Primary School Primary R-6 Government 37.0km
Sunrise Christian School Naracoorte Combined R-9 Independent 37.8km
Naracoorte Primary School Primary R-6 Government 39.5km
Naracoorte High School Secondary 7-12 Government 40.0km
Apsley Primary School Primary Prep-6 Government 40.9km
Mount Burr Primary School Primary R-6 Government 44.5km
Glencoe Central Primary School Primary R-6 Government 47.7km
Edenhope College Combined Prep-12 Government 48.8km
St Malachy's School Primary Prep-6 Catholic 48.9km
Kangaroo Inn Area School Combined R-12 Government 54.3km
Mil Lel Primary School Primary R-6 Government 54.3km
Millicent High School Secondary 7-12 Government 54.9km
St Anthony's Catholic Primary School Primary R-6 Catholic 55.5km
Lucindale Area School Combined R-12 Government 56.5km
Casterton Secondary College Secondary 7-12 Government 57.3km
OneSchool Global SA - Mount Gambier Campus Combined Independent 58.4km
St Martins Lutheran College Combined R-12 Independent 58.9km
Mount Gambier High School Secondary 7-12 Government 59.7km
Tenison Woods College Combined R-12 Catholic 60.1km
Grant High School Secondary 7-12 Government 61.8km
Allendale East Area School Combined R-12 Government 79.9km
Goroke P-12 College Combined Prep-12 Government 85.1km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.