Adelaide, 24 May 2016 – More than 80 hectares in the picturesque Adelaide Hills has been listed for sale by way of Expressions of Interest.
CBRE Agribusiness Director, South Australia, Phil Schell has been appointed to sell the livestock, lifestyle and horticulture land parcel, which is ideally positioned near Gumeracha, and only 45 minutes from Adelaide CBD.
The property currently runs a Murray Grey breeding cattle operation across 40 hectares, as well as an extensive vegetable production growing cauliflower, broccoli, leek, lettuce, Chinese cabbage and kale. The property has previously produced apples and pears.
The property, which benefits from a 144 megalitre water entitlement and supporting irrigation infrastructure, includes a quality family home offering picturesque views of surrounding river red and blue gum trees and neighbouring vineyards.
Mr Schell said the property’s position in the fertile Adelaide Hills region would be a key selling factor.
“Nestled in the heart of renowned Adelaide Hills region, this landholding offers an outstanding opportunity to acquire an established horticulture and livestock operation,” Mr Schell said.
“The property’s versatility offers buyers the opportunity to operate an existing agribusiness operation within a high rainfall region, supported by secure supply, excellent infrastructure and property improvements.”
CBRE is selling the property on behalf of the Newman family via an Expressions of Interest, date to be advised.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.