Samarai riding school falls short of its desired $3 million price hurdle

The long-established horse riding school Samarai Park in Terrey Hills, NSW, has been sold, but for a little less than its $3 million price expectations.

Property Observer reported on the listing in September last year, when the two-hectare northern beaches acreage was listed by Kevin Packham from LJ Hooker.

The sale was lower than that of its prior $3.28 million sale in 2007.

Located at 90 Booralie Road, Terrey Hills, just 20 minutes from the Sydney CBD, Samarai Park offers expansive northerly bushland views over its two-hectare holding.

The horse riding school opened in 1956 and still offers agistment, lessons, riding camps and children’s birthday parties.

Samarai Park was founded by Thelma Budrodeen.

The property was sold by the Budrodeen family in 1998 for $1.25 million, with it onselling again in 2000 at $1.6 million.

It still operates as a riding school and offers boarding for horses for $235 per week. Float storage is also available for an extra $15 per week.

Samarai Park is centred close to the Ku-ring-gai Chase National Park, with direct access to national park riding trails.

The property comprises of an office and shops, staff quarters/self-contained flat, two full-size dressage arenas and a full-size jumping area with lighting.

Samarai Park has 33 stables, 24 day yards, tack, feed and storage rooms, a lunging area, wash bays and three work sheds plus a dam.

The three-bedroom home located on the property consists of a study, two bathrooms and an outdoor swimming pool. The outside parking accommodates for 20-plus vehicles.