492 Lovedale Road, LOVEDALE NSW 2325
EXPRESSIONS OF INTEREST
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- Hotel / Leisure, Rural / Farming
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- 31 Oct 2016
Adina – Vines, Olives, Restaurant & Accommodation
Located on an elevated seventy two acre parcel with spectacular views in the beating heart of Hunter Valley Wine Country, this extensive estate features a well established premium vineyard. It includes an ultra-modern cellar door sales building, state of the art olive processing facility, three architecturally designed luxury accommodation lodges and an in-ground swimming pool for guest use. There is also a fine dining restaurant and day spa, both of which are leased. The property is less than two hours easy drive from Sydney and approximately thirty minutes drive from Newcastle via the Hunter Expressway.
The multi award-winning Adina label is made from estate-grown fruit and the vineyard production includes old vine Shiraz, Cabernet, Sangiovese, Semillon, Pinot Gris / Grigio and Chardonnay varieties. Retail sales are made through the sleek and modern Cellar Door, on-line sales and via the Adina wine club. Wine products are profitable in their own right. But wine is only one of the sources of income that the property generates.
The property is considered by many to be the home of the olive industry in the Hunter Valley not just because of the quality of fruit that is produced from the olive grove, but because it has both the largest and most modern processing plant in the lower Hunter Valley. Adina processes and sells its own olive products as well as processing and producing olive products for a large number of growers and retailers throughout the Hunter and elsewhere.
The three separate and fully self-contained three bedroom luxury lodges overlook the estate’s own vineyards and olive groves and can each accommodate up to six guests in luxurious comfort. All bedrooms have ensuites and all lodges have open living spaces with spectacular views and are air-conditioned and feature gas log fires.
A short walk from the accommodation is the award winning Emerson’s restaurant which is considered one of the Hunter Valley’s best restaurants and is a local favourite that is leased to an excellent established operator on a long-term basis. The restaurant provides a solid income stream and supports the cellar door and accommodation operations. In addition to the restaurant there is the Hunter valley Reflections Day Spa which is also leased to an excellent operator providing further income.
An exceptionally rare offering in the Hunter Valley marketplace, Adina is genuinely offered by realistic vendors.
Inspection strictly by prior appointment.
For Sale: By Expressions of Interest
Closing: Thursday, 8th December 2016
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
492 Lovedale Road LOVEDALE