Situated in the beautiful Upper Hunter and fronting Halls Creek this 55 Acre property is fully DA approved as a wedding & conference function centre. "Ellamara" is the original giant's creek village & it still retains that old world charm which the new function centre is designed to capture & enhance. The current homes once the renovations are completed will have 15 bedrooms, 12 bathrooms, a commercial kitchen & numerous living areas & meeting rooms, as well as outdoor spaces for guests to meet and relax while enjoying the magnificent views & gardens. A new wedding chapel designed to accommodate up to 70 guests will further enhance the appeal of the property. There are also 2 sites to erect marquees for larger functions should the need arise.
Projected income to dry hire the venue is expected to be between $15,000 to $20,000 per event ($1,050,000 to $1,400,000 per year) with up to 70 events per year including 3-day weekend hire & scattered weekday hire. A full event analysis with projected income is available along with the DA Approved plans. Also, DA approved is a new 4 Bedroom, 2 Bathroom Managers Homestead & a 12 box equine facility with vet rooms, tack room, feed stores, bathrooms, kitchen & a full dressage arena. This further enhances the income potential with clients being able to house their horses while staying on site.
With abundant space the option to have Glamping tents set up along the creek will also increase the income potential of the property. There is a 33 megalitre water license from the Creek to water the grounds and 33 kilowatts of solar to offset the power bills.
Located only 2 hours to Newcastle & 3 hours to Sydney there is no other wedding & function centre of this type in the upper hunter. The potential of this property is endless & with over 2 years of work down to achieve the DA now is the time for a smart investor to finish the project & reap the rewards.
