Tuesday, October 19, 2021

Eyre Peninsula cropping farm set to attract strong interest

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A large dryland cropping farm on Eyre Peninsula in South Australia has entered the market after being held by one family for four generations.

Telusa
Photo: Australian Property Journal

Telusa, the 988-hectare property, is located in the Cleve Hills, 21km north of Cleve and 164km north east of Port Lincoln and has been in the current owners family since the early 1900s.

Phil Schell and Angus Bills from CBRE Agribusiness have been appointed to manage the sale via an expressions of interest campaign, on behalf of the vendors Andrew and Rebecca Story.

“Telusa is one of the larger cropping opportunities to have come to market in this region on the Eyre Peninsula in recent years,” said Schell.

CBRE Agribusiness is anticipating offers in the range of $7,400 per arable hectare, with 91% or 900-hectares of the site arable.

The property includes a four-bedroom homestead with a swimming pool, gardens, shearing and machinery sheds, a workshop, 165 tonne of grain storage and nine seed silos, as well as a central laneway.

“The property features the characteristics of a highly-productive broadacre cropping platform, benefiting from scale, operational efficiency, fertile soils, idyllic climate and a desirable location.”

The farms operations are currently centred around barley, wheat, canola and legume production, with yields improving since the farm’s 2013 stock removal.

The property also boasts rainwater tank storage of 370,000 litres, with stock water pumped to a central 85,000-litre tank.

“We’re expecting interest from local landowners looking to expand their scale, farmers from other regions in South Australia seeking geographic diversity, high-net-worth individuals and corporate groups,” said Bills.

Recent significant farming property sales across the country have included the Wanderribby feedlot and grazing and farming property in South Australia, as well as the $15 million sale of historic grazing properties in the Barossa region.

The expressions of interest campaign for Telusa is set to close on 18 November, 2021.

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