Eyre Peninsula portfolio set to change hands

The South Australian-based Allen family has listed 4,572ha of farming land and a 9,240ha grazing bush block on the Eyre Peninsula for sale, with a price expectation of circa $20 million.

The Allen family portfolio comprises seven properties; Wannamanna, Allen Park, Woolfords, Panitya, Wudinna East, Jasons Block and Yeltana Station, all of which are for sale in one line or as individual holdings.

Some properties have been held by the Allen Family for up to six generations with Albert James Allen originally purchasing the first property in 1911 and the family has continued to acquire properties ever since.

CBRE Agribusiness’s Phil Schell and Angus Bills are managing the sale via a two-stage Expression of Interest campaign closing September 14, 2023.

The farmland properties are in Wudinna, Kyancutta and Panitya and Yeltana Station, the bush grazing property is 35km north of Kimba.

Jason and Sonia Allen together with Trent and Laura Allen have historically run a mixed operation of 5,500 Dorper Ewes plus replacements, 100 cattle and 80 horses. Yeltana Station is rated at 970 dry sheep equivalents.

“Some of the properties have been held in the Allen family for over 110 years, so we are expecting interest from local farming families to make the most of this opportunity as well as out-of-district farmers and CBD-based investors,” Mr Schell said.

The properties feature improvements such as well-appointed houses with established gardens, an indoor heated swimming pool, machinery sheds, hay sheds, workshops, shearing sheds, sundry shedding, undercover horse stables and arenas and telemetry monitoring. Water security is a feature with natural freshwater soaks, dams, mains water supply to most properties and plastic water catchments.

Mr Bills added, “The Eyre Peninsula has benefitted from above average harvests the last few years and is off to a good start for the 2023 crop because of early rainfall. Most crops across the district are well established and the timing of the Expression of Interest campaign will allow the incoming purchasers access to ensure the properties are ready for the 2024 growing season.”