This article is from the Australian Property Journal archive
A GOLDEN opportunity for premium farmland has hit the market with Western Australia’s Cherylton Farms available for offers via expression of interest.
Expressions of Interest close at midday, Thursday December 1st in a campaign ran by real estate agency LAWD.
Holding 8554 hectares of space, Cherylton Farms is expected to generate interest in the range of $90 million from local and international buyers with opportunities on the farms across livestock, plant, machinery and sundries.
LAWD director, Simon Wilkinson, said Cherylton Farms was a truly top-class asset in one of the most productive agricultural zones of Western Australia.
“Approximately 7,350 hectares of the property is considered effective, and the owners and managers of Cherylton Farms have optimised the profitability of each of these to make the holding consistently recognised as one of the highest benchmarked properties in this high rainfall zone,” Wilkinson said.
“This really is a once-in-a-generation opportunity in an extremely sought-after and reliable area that also delivers rare scale and operational efficiency achieved through strategic development and precision management. The existing management team is in place and would like to continue this high level of performance.
“LAWD is privileged to be involved in the marketing of such a quality asset.”
Cherylton Farms is in an area renowned for its agricultural opportunities. It is 23km from Kojonup – a town that has many essential services across retail, medical and schooling and 258km from the capital Perth.
Existing operations on the farm include diversified cropping and livestock grazing, focused on the production of high-yielding crops including cereals (barley, oats and wheat) and oilseeds (canola), as well as Merino and composite flocks (32,000 head) and a prominent Angus herd (170 head).
Cropping has been optimised through the development of more than 200 paddocks to maximise efficiency, while the livestock enterprises are value-added by 1,000 hectares of grazing land sown to improved pasture species on a five-year rotation, as well as two sheep feedlots with a 6,000 head combined capacity and a 100-head cattle feedlot facility.
Structural improvements made to the property include four shearing sheds, 30 silos, significant shedding including machinery, workshop, chemical and general-purpose shedding and a 2,000-tonne grain/fertiliser shed and more than 300 km of new fencing.
Wilkinson elaborates on the wonderful amenities on the site.
“There is an abundance of accommodation including the five-bedroom, three-bathroom owners’ residence and two five-bedroom, two-bathroom homes with tennis court and gardens, suitable as managers’ residences,” Wilkinson said.
“Additionally, there are a further six occupied staff homes spread across the property as well as seasonal workers’ accommodation with two kitchens and a commercial area.”
Vendor, Julian Walter, knows all about Cherylton Farms from his own experience holding ownership within business and agricultural means and he further describes the quality of the property.
“We have made a number of strategic investments in the agriculture sector over the past few decades and, in recent years, have had many approaches from parties interested in securing some of our farmland assets due to their scale and high performance,” Walter said.
“Over the past 14 years, we’ve invested significantly in developing Cherylton Farms to both ensure its ecological health and to truly maximise its efficiency and productivity.”
