Lower Light cropping and livestock farm on the market

A 644ha cropping and livestock operation in Lower Light north of Adelaide, with history as a major cattle site for T&R Pastoral, has been listed for sale and is expected to generate interest in excess of $5 million. 

The Light River Stockyard, at 176 McEvoy Road, consists of 20 freehold Certificates of Title with commercial development upside (STCC) and is being offered for sale by the Oster family, which has owned the property for six years. 

During the 1970s and ‘80s, South Australian meat-processing firm Thomas and Rowe ran more than 10,000 cattle at the farm, which is between Dublin and the emerging hub of Two Wells. 

The current operation runs 1,000 ewes with lambs, and 280 cows with followers on the pastures, with the site well-connected to the industry through the nearby South Australia Livestock Exchange and Two Wells abattoir.

Hay, cereals and grain legumes have all been grown at the site, while pastures include subzero brassica, turnip, rapeseed and millet. 

The property is in the growth corridor north of Adelaide and is just off the Port Wakefield Highway, which links to the Northern Expressway for easy access to Port Adelaide and Adelaide Airport. 

Offering road train access via Light Beach Road, it also has a 3km frontage to the River Light.

CBRE’s Phil Schell and Angus Bills are managing the sale campaign on behalf of the Oster family, with Expressions of Interest invited by November 16.

“Light River Stockyard is well-equipped for an operator to take advantage of the huge demand in the market for beef and lamb, and the current high prices,” Mr Schell said.

“We’re expecting strong interest from pastoralists seeking finishing blocks for sheep or cattle, and it’s been a terrific season with an abundance of pasture growth.

“The property would also lend itself to land bankers and offers development potential. 

“Demand for commercial land, in particular, north of Adelaide has risen significantly over the past five years and is underlined by the recently-settled sale of the former Viterra site in Two Wells to a local family.” 

Livestock and cropping improvements at the property are accompanied by a family home, separate office and staff quarters, shedding and water bores.  

Two Wells has experienced significant growth in recent years, with residential developments supported by infrastructure including a hospital, schools, services and employment opportunities. 

“Light River Stockyard is less than 15 minutes from Two Wells, which is developing rapidly, and also within an hour of Adelaide,” Mr Bills added.