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Barossa Valley Resort
The Resort sits on approximately 16.47 hectares adjacent to the Tanunda Golf Club Inc (with an 18-hole golf course) in the renown wine region of Barossa Valley in South Australia.
The Resort comprises:
116 one bedroom apartments and 24 two bedroom apartments (owned by individual investors)
One restaurant and dining room (food and beverage facilities which are leased)
Common property including
Conference facilities
Reception and lobby
Administration
Lounge
Bar
Back of house
Health club
Swimming pool
The resort is currently operated by Accor.
The Barossa Valley Resort Scheme commenced in 2002 and is currently operated as an income pooling scheme and is a registered managed investment scheme – ARSN 091 043 864.
Each investor owns a community titled apartment in The Resort and is bound by an income pooling lease under which the investor leases the apartment to OCIL who is responsible for the operation of The Resort. All revenue is pooled, expenses deducted and the net profit is shared amongst investors according to the (fixed) profit entitlement for each apartment. The scheme currently distributes income to investors on a monthly basis. The scheme is due to mature in 2011 at which time unit owners may elect to extend the scheme.
For information on our Anti-Money Laundering and Counter-Terrorism Financing requirements click here.
Arena Investment Management Limited ABN 23 077 235 879 AFSL No. 233190 has prepared this for general information only. It does not take into account your current or future financial circumstances. It is important for you to consider these matters before you make an investment decision on holding or acquiring these products. For further information please contact your financial planner or Arena Investor Services on 1800 008 494.
This Fund is currently closed to applications. Please contact Arena Investor Services on 1800 008 494 for further information.