This article is from the Australian Property Journal archive
AN expansive poultry farm in Adelaide’s north, with a grower’s agreement to one of Australia’s largest processors, is up for grabs with price expectations around $16.5 million.
Double B Farm, located around 110km from the Adelaide CBD, spans 59-hectares and comprises 12 fully operational broiler sheds with a total production area of 30,599 and a total placement capacity of 535,000 birds.
John Harrison, Phil Schell and Angus Bills from CBRE have been appointed to sell the farm via an expressions of interest campaign on behalf of the vendors, Dawn Buckby and Robert Blott.
“With the current requirements for lean protein likely to drive demand, this is an exciting opportunity for both high-net-worth investors and existing poultry participants,” said Harrison.
“Economists are predicting consumer trends to further support increased poultry consumption given chicken is currently the cheapest meat protein available to Australian consumers and the most consumed compared to other meats.”
The property also includes a manager’s dwelling, workers’ cottage, workshop with office amenities, a generator shed and general-purpose storage shedding, with water provided via mains supply and power sourced from both mains connection and two onsite solar farms.
“Large-scale, contracted broiler farms rarely come to market. The asset has been well developed by the current owners and is ideally located in terms of access, staff labour and distance to nearby processing facilities, which are all critical factors to consider with poultry assets,” added Harrison.
The expressions of interest campaign for Double B Farm is scheduled to close on 7 December 2023.
