A fifth-generation farming family has moved to sell its cattle feedlot and cropping property in Victoria’s Wimmera region.
CBRE Agribusiness has been appointed to market the Gerang Feedlot and Crimsondale Farm, comprising a combined 742-hectare landholding situated on the Western Highway, 22 kilometres from Nhill and 42 kilometres west of Horsham.
The Albrecht family, who have owned and operated the property since 1914, believe now is an ideal to time to capitalise on the strong market conditions – with the sale also enabling them to make a lifestyle change towards retirement.
The Gerang Feedlot comprises approximately 254 hectares and supports a 5,000-head cattle feedlot and a 15,000-head registered live export quarantine facility. A manager’s residence is adjacent to the feedlot complex.
Crimsondale Farm consists of an approximate 488-hectare landholding surrounding the feedlot utilised for dryland cropping, including cereals, oilseeds, legumes, as well as hay and silage production. The property also includes a circa 1925 renovated four-bedroom period homestead with return verandahs and many original features, surrounded with extensive park like gardens.
CBRE’s Phil Schell, who is selling the property in conjunction with James Beer and Duncan McCulloch, said the sale would tap interest from both existing industry participants and new entrants looking to secure an established presence in the buoyant beef sector.
“Family owned and operated for over 100 years, this an attractive opportunity for a purchaser to acquire a well-developed feedlot and cropping operation.”
“The two landholdings together offer approximately 660 arable hectares and the feedlot is further supported by a 230 megalitre Water Entitlement, numerous dwellings and fit-for-purpose infrastructure that is of a high standard, as well as being within 300 kilometres of six abattoirs.”
Mr Beer said the property’s premium location in the Wimmera would underpin strong buyer interest.
“We expect the property’s strategic position will be highly attractive to numerous groups, both local and offshore. Furthermore, the property is also ideally positioned to capitalise on the sustained interest in the Australian beef sector, which has continued to strengthen in recent years,” Mr Beer said.
The properties are being offered for sale via Expression of Interest.
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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.
