CBRE Agribusiness has listed two livestock grazing parcels for sale near Meadows in the high rainfall region of Adelaide Hills, creating a small business or lifestyle opportunity for interested investors.
Combined, the properties have a total land area of 148ha and are currently ran as a livestock operation for beef breeders and finishing.
CBRE’s Phil Schell and Angus Bills have been appointed to negotiate the sale of the two properties via an Expression of Interest campaign, closing at 4.00pm on Thursday, 5 December 2019.
On the holding’s commercial appeal, Mr Schell commented; “While this is a small holding, it has the potential to generate positive income which is set to attract small business operations.”
Mr Bills said the well-managed pasture base of sub-clover and mixed annual grasses, supported by an annual fertilizer program, was mainly suited to beef cattle breeding and finishing weaners for market.
“The properties offer lifestyle appeal and are expected to garner the interest of pastoral producers seeking a finishing property close to services, Adelaide-based investors to lease or agist cattle and/or sheep, neighbouring producers and lifestyle seekers looking for a weekend getaway location,” Mr Bills said.
“The properties feature scenic views over hills and valleys and are only a 45-minute drive from the Adelaide CBD.”
The 65.4ha parcel at 35 Jay Bee Road, Meadows, has been under the same conservative management for over 40 years and is split over two freehold titles, with 12.7ha suited to hay or silage production.
Property improvements to 35 Jay Bee Road include a family home (circa 1950), two hay sheds, a disused dairy, stone barn (with the potential to be converted into horse stables), sundry shedding and quality fencing.
The parcel also benefits from five dams with a submersible pump that supplies the home and holding paddocks, one additional bore and rainfall harvested on all sheds.
Lot 22, Cole Crossing Road, Mount Magnificent, is suited to grazing with a land area of 82.9ha, ample water via four dams, irrigation infrastructure available over 7ha and 9.7 megalitres of water entitlements.
Improvements to Lot 22 Cole Crossing Road include a new hayshed, cattle yards with loading ramp and fencing suited to cell grazing with a central laneway.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
