Apr 11 2017Add to Favorites
Adelaide, 11 April 2017 - A circa 200 hectare landholding in the heart of the Adelaide Hills has been listed for sale.
Located adjacent to Randell Road in Birdwood – a small town in the catchment area of the River Torrens – the property is well suited to accommodate a diverse range of uses, including cattle and prime lamb production, horticulture and viticulture.
Comprising three freehold titles, the property is currently utilised for irrigated and dryland grazing with further potential to diversifying to horticultural and viticultural pursuits.
CBRE’s Phil Schell said the property represented a premium opportunity to secure a property in one of the nation’s most coveted lifestyle regions.
“Located next door to the internationally acclaimed Barossa Valley wine region, this property offers the perfect mix of lifestyle and commercial benefits,” Mr Schell said.
“With a substantial water allocation, the property would support a large scale horticultural operation or grazing enterprise for cattle and sheep.”
The property, which benefits from a water entitlement of 174,642 kilolitres, includes irrigation infrastructure across 160 hectares, with pastures including ryegrass, clover varieties, brassicas, tall fescue and phalaris.
Located five kilometres from the Birdwood township and 55 kilometres from the Adelaide CBD, the property features towering red gum trees and offers picturesque views.
“We expect to receive strong interest from a wide range of industry specialists or someone looking for a viable commercial entry into the state’s rural sector, whilst still enjoying the lifestyle benefits of this world renowned region,” Mr Schell said.
Improvements include a three bedroom family home, two stand shearing shed, extensive farm shedding and new livestock yards.
The property is being offered for sale via Private Treaty.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), 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 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 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.
SOURCE: Press Release
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Australia / Brisbane
For 2018, our investment decisions will continue to be driven by opportunities presenting strong property fundamentals and outstanding risk-adjusted returns, with a focus on primary capital cities across the Eastern seaboard.
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