Adelaide, 22 June 2015 – A major cherry farm in the heart of South Australia’s premium fruit growing region, Kersbrook, has been listed for sale.
Located approximately 34 kilometres from the Adelaide CBD, and a short drive from Tea Tree Plaza, Kersbrook Cherry Farm spans over 41 hectares and is planted with 17 cherry varieties, across more than 17,000 trees.
The horticulture operation also features 2,200 pear trees and a 1.2 hectare vineyard planted with Merlot and Sauvignon Blanc varieties.
CBRE Agribusiness’ Phil Schell has been appointed to sell the property via Registration of Interest on behalf of Kersbrook Cherry Farm Pty Ltd, which is operated by two private families in horticulture.
Mr Schell said the sale represented a unique opportunity to gain a strategic footprint in South Australia’s horticulture industry.
“The Adelaide Hills region is renowned for producing some of Australia’s best quality fruit and the opportunity to acquire an established and high performing operation such as this will no doubt attract a strong pool of buyers,” Mr Schell said.
“Furthermore, the Adelaide Hills is a tightly held region, with landholdings of this size and locality being highly sought after.”
The property features a packing shed with modern processing facilities, automated grader, cool room facilities, and the capacity to process other crops throughout the year.
Kersbrook Cherry Farm also benefits from excellent irrigation infrastructure, including two storage dams with a 75 megalitre capacity, pumping infrastructure, and drip line irrigation system servicing the operation.
Mr Schell said the property’s development and export potential would be a key selling factor.
“With developable land available, there is significant scope to expand the existing operation to encompass other cropping outcomes,” Mr Schell said.
The property is priced for offers over $2,750,000 and will be offered by Registrations of Interest closing 25 August 4.00pm CST.
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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 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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.