Brisbane

Queensland prawn farm hits the market

The Australian Coral Coast Mariculture prawn farm has been listed for sale, offering the opportunity to secure a property with a proven, long-term track record of supplying domestic and export markets with high-quality retail and wholesale product.

29 Oct 2018

The Australian Coral Coast Mariculture prawn farm has been listed for sale, offering the opportunity to secure a property with a proven, long-term track record of supplying domestic and export markets with high-quality retail and wholesale product.

Located 37 lineal kilometres north of Queensland’s regional city of Bundaberg, the property offers direct access to the pristine waters of Littabella Creek – providing beneficial isolation and reduced biosecurity risks.

The aquaculture enterprise represents a total land area of 142ha and is licensed to 25ha of production ponds, of which 19ha is fully-developed, offering potential buyers tangible scope for expansion. In addition, conceptual plans have been developed to expand the production area to 45ha, subject to relevant approvals. 

The prawn farm currently has 15ha of production ponds stocked with black tiger prawns, with a total yield expected to reach 130 tonnes by early 2019.

An extensive development program was implemented in 2015 and has resulted in significant efficiencies, all of which are in line with contemporary Australian prawn farming practices. 

The operation has also benefitted from fit-for-purpose structural and ancillary improvements, including two residences, an office, feed shed, primary processing (to produce green prawns) and cold storage.

CBRE’s Geoff Warriner and Chris Holgar have been exclusively appointed to sell the prawn farm at 652 North Littabella Road, Mullet Creek. 

Mr Holgar said; “This property represents an opportunity to acquire a well-developed prawn farm with recently renovated, fit-for-purpose infrastructure with scope for expansion.”  
  
The Expressions of Interest campaign closes Friday, November 30 at 4pm (AEST).

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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.

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Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.