Adelaide

Top South Australian farming operation hits the market

The Munga Park farmland aggregation in South Australia’s south east has been listed for sale, representing a large-scale mixed-farming and irrigation opportunity.

10 Apr 2019

Munga Park last changed hands around 30 years ago, when Tim and Valerie Carter purchased the well-known stud from Bruce Burnell at Frances. 

Over the 70s and 80s, the Burnell’s developed Munga Park into one of the leading Simmental studs in Australia.

The Munga Park operation is available for purchase as a single landholding or as five individual properties. These include Nammah (1,014ha, one Certificate of Title), Munga Park North (541ha, one Certificate of Title), Munga Park South (520ha, two Certificates of Title), Naringa (338ha, one Certificate of Title) and Parkers (117ha, one Certificate of Title).

Munga Park’s five contiguous properties are located around 4km north west of Frances, 39km from Naracoorte, 56km from Bordertown, 255km from Murray Bridge and 327km from Adelaide. 

All proximate towns provide convenient access to a full range of markets, services and amenities, including major grain receival sites and abattoirs, allowing low cost freight logistics.

The property is underpinned by three water licences, totaling circa 802ml, as well as a reliable average annual rainfall of around 519ml.

CBRE Agribusiness agents Phil Schell and Angus Bills have been appointed to sell the aggregation on behalf of the Carters.

Mr Schell said; “Munga Park will suit a range of potential buyers, including sheep and cattle livestock producers who are looking to breed, fatten and finish.”

“The scale of the property also suits corporate buyers and high-net-worth individuals, as well as local buyers, with the option to split the property into five separate land parcels,” Mr Schell added.

Mr Bills noted that each property benefitted from different assets. For example, Munga Park North hosts three homesteads, cattle yards with loading ramp, hay/implement shed and sundry shedding while the Nammah property features a homestead, sundry shedding, modern hay shed, shearing shed with adjoining sheep yards and one centre pivot, covering a total land area of around 30ha.

Munga Park South features a large modern hay shed and shearing shed with adjoining sheep yards, Naringa has sundry shedding and Parkers has optimal cropping land, allowing for a prime “bolt-on” block.

The Munga Park farmland aggregation is for sale via Expression of Interest, closing Thursday, June 20, 2019 at 4.00pm (ACDT).For Australian/international news or global stories, follow us on Twitter: @cbreaustralia

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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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.