The jewel in the crown of South Australia’s south east agricultural market, Mt Schanck, is to be offered to the open market for the very first time in a move tipped to attract broad ranging buyer interest.
The prominent property, which is owned by Melbourne’s Evans family, totals approximately 2,870 hectares (7,100 acres), including close to 5,000 megalitres of Ground Water Entitlement.
CBRE’s Danny Thomas and Phil Schell have been appointed to conduct the sale via a forthcoming International Expressions of Interest campaign.
Mr Thomas commented; “Mt Schanck is an iconic, investment scale asset. It is incredibly rare for landholdings of this scale that have such a unique position in the history of Australian agriculture to be presented to the market, and to that end Mt Schanck is now being offered publicly for sale for the first time ever, having been owned by only three families.”
Mt Schanck was purchased in 2005 for the Evans Family by the late Ron Evans AM (former Chairman of the AFL, President of the Essendon Football Club and Managing Director of Spotless Group).
The property was secured in an off-market deal from the Clarke family, who had owned Mt Schanck for over 140 years, having purchased the property from the Arthur brothers of Van Diemans Land in 1861.
Located approximately 13 lineal kilometres south of Mount Gambier, a key regional centre, the property is close to the Port of Portland, saleyards at Mount Gambier and Hamilton and livestock processing facilities at Warrnambool.
Approximately 700 hectares of Mt Schanck has been developed to centre pivot irrigation, utilised variously for lucerne based pastures, fodder cropping and hay production, with occasional third-party use (short term leases) for potatoes and other cash crops.
Operational improvements comprise a stately four-bedroom, circa 1864 homestead set within manicured gardens, in addition to numerous additional high-quality staff residences, a circa 1875, six-stand shearing shed, shearer’s quarters and “as new” Pratley sheep and cattle yards.
The property is being offered for sale on a Walk-In-Walk-Out basis inclusive of more than 2,000 Angus cows with calves (Rennylea, TeMania and Landfall bloodlines) and heifer replacements, along with around 2,500 Composite ewes with lambs at foot, as well as an extensive list of fit-for-purpose plant and equipment. Carrying capacity in its current form is rated at over 60,000 DSE, with potential to increase significantly with further irrigation development.
“The property features a combination of extensively developed improvements, high quality soil types, excellent climatic characteristics and outstanding operational infrastructure. The substantial Ground Water Entitlement of almost 5,000 megalitres offers the opportunity to undertake significant further development of the property, including conversion to alternative uses such as irrigated cropping or dairy,” Mr Thomas noted.
For further information, please contact Danny Thomas on 0439 349 977.
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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 (based on 2016 revenue). The company has more than 75,000 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.
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 (based on 2016 revenue). The company has more than 75,000 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.
