WINEMAKER Dave Powell plans to pay more than $10 million for Lindsay Park in the Barossa Valley and turn it into a tourism business.
Mr Powell, the owner of Torbreck Wines at Marananga, said he planned to turn the 640ha property into a six-star resort for about 30 people, AdelaideNow reports.
"I am paying a substantial price, but it is a beautiful property, up there with the best in Australia," he said.
The influential winemaker last night detailed a sweeping plan to showcase the famous history of both Lindsay Park and the neighbouring Old Tarrawatta property, which is included in the deal.
Lindsay Park was home to the Hayes family's racing and breeding empire for 50 years, while Tarrawatta's historic links with early SA are perhaps even more impressive.
From 1855, it was the home of John Howard Angas who played a major part in the South Australian Company, which was formed by his father George Fife Angas and other British merchants in 1835 to develop the new colony of South Australia.Mr Powell said owner David Hayes had accepted his offer, which is subject to finance, but he was confident it would proceed before the end of the financial year.
He plans to live in part of the old Lindsay Park homestead and develop the rest of it into three private suites for visitors. Other buildings would be developed as exclusive accommodation of the highest standard.
Read more at AdelaideNow.