Lindsay Park sold for $10 million

Torbreck Wines owner Dave Powell has purchased Lindsay Park Stud for a reported $10 million and will turn it into a tourist destination.

The 640ha Barossa Valley property will become a six-star resort.  “I’m paying a substantial price but it is a beautiful property, up there with the best in Australia,” Powell told Adelaide Advertiser’s rural editor Nigel Austin.  “I plan to live in part of the old homestead and develop the rest of it into private suites for visitors.”

Lindsay Park was developed by Colin Hayes in the 1960s and was a state-of-the-art racing and breeding facility for nearly 50 years.  Hayes died in 1999 and his wife Betty lived in the historic homestead until she passed away in March 2012.

Their youngest son David signalled some ground-breaking changes with the sale of the Lindsay Park training facility to Tony McEvoy and Wayne Mitchell in 2010.  They renamed the property Kildaton Park.

In May 2011, Colin’s grandson Sam Hayes bought the breeding side of the business with Darren Thomas and rebranded it Cornerstone Stud.

David Hayes transferred his training operation to Euroa in the heart of Victoria’s stud country last year.  It’s all part of a succession plan put in place for his sons Ben, 22 and twins James and Will, 17.

Powell said Hayes had accepted his offer, which is subject to finance, but he was confident it would proceed before the end of the financial year.