This article is from the Australian Property Journal archive
THE 2,700-hectare Wanderribby Feedlot near Meningie in South Australia is set to cause a feeding frenzy amongst beef industry investors.
Colliers International’s Jesse Manuel and Tim Altschwager will market the property, which comprises cattle feedlot facilities for up to 8,000 head and quality grazing land. More than 1,000 hectares of the site comprises established Lucerne pastures.
Altschwager said facility has achieved MSA scores that put it in the top 5% of performers within the nations’ feedlot operators.
Manuel said the location would prove a key attraction for potential purchasers with its favourable climatic conditions.
“The Southern Ocean and the significant bodies of water in Lake Alexandrina and the Coorong provide for a maritime climate with mild summers and winters, ideal for cattle health and performance.
“It’s definitely in a league of its own in terms of not only the climate but its location in respect of a large catchment area for very high quality cattle coming out of the south-east of SA and Victoria’s Western District, with less competition compared to other regions,” he said.
Manuel said the Australian cattle property market had been the powerhouse of the national rural property market in 2016.
“Momentum has been building as fundamentals, primarily demand for beef, have grown significantly over the last decade and the Australian beef industry has entered a period of record cattle prices.
“With the changing fortunes of the beef industry late in 2015 and through 2016, there has been an increased interest in investing in feedlots driven not only by these factors but also the general uplift in the beef industry,” he added.
Wanderribby Feedlot was purchased by the Gunner family in 1990. The family is vertically integrated from the Stoney Point Performance Angus Stud to a wholesale meat operation Richard Gunner Fine Meats, which owns the Feast Fine Foods retail chain as well as the Coorong Angus Beef brand.
Australian Property Journal
