A private Adelaide based vendor has listed 911ha of highly productive cropping and livestock farmland for sale.
Established in 1910 by Edward Hunt and Millicent Stoddart, the Mundulla aggregation now consists of five non-contiguous land holdings, located between five and 23km west of Bordertown – a small south-eastern town in South Australia, near the Victorian border.
The Mundulla district provides ideal climatic conditions, with an average rainfall of 520mm. This, combined with quality soil types, underpins a winter cropping programme and potential to further improve pastures for livestock production.
Around 851ha of the property is currently cropped for grain legumes, cereals, oilseeds and oaten hay. This season, crop yield and quality on the aggregation has performed extremely well when many areas in South Australia have suffered under extremely dry conditions.
The aggregation’s proximity to grain storage sites, livestock sale yards and abattoirs supports cropping endeavours and the direct sale of sheep and cattle.
The Mundulla farmland is available for purchase as a single landholding or as five individual properties, including Kil-Lel (176ha), Richmond (225ha), Speculation (112ha), Sweataroo (313ha) and The Cottage (85ha).
Mr Bills noted; “The property offers an opportunity to purchase a great mixed-farming operation ideally suited to winter cropping. The aggregation’s location provides existing farming businesses the opportunity to expand or enter the industry and district at scale.”
“We are expecting interest from local family farming businesses and pastoralists looking for a feed block close to nearby abattoirs,” Mr Bills said.
Mr Schell added; “The aggregation ideally suits farm build-up and the opportunity to secure some of the best cropping land in South Australia.”
The Mundulla farmland aggregation is for sale via Expression of Interest closing February 21, 2019, at 4pm.
For Australian/international news or global stories, follow us on Twitter: @cbreaustralia
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 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 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.