High rainfall grazing land

High rainfall grazing land

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A local farming family has listed Plana, a productive livestock property near Maaoupe, South Australia, for sale.

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A local farming family has listed Plana, a productive livestock property near Maaoupe, South Australia, for sale.

Located in the tightly held Penola district in the state's south-east, the property has been in the Hall family for the past 65 years and features three contiguous properties - Hinze's Block (186ha), Home Block (122ha) and East Block (84ha).

Plana spans 392ha across three freehold Certificates of Title and currently supports 100 cows and 300 weaner cattle.

The property has an estimated Dry Sheep Equivalent rating of 10DSE per hectare equating to 3800 to 4000 sheep.

It is situated at 1755 Maaoupe Road approximately 10km south of the Bool Lagoon region, 22km north-west of Penola and 40km south of Naracoorte.

CBRE Agribusiness's Phil Schell and Angus Bills have been appointed to negotiate the sale of the three landholdings, which are for sale in one line or as separate assets, contingent upon the sale of the others.

Mr Schell said Plana would appeal to direct neighbours and producers within the district seeking an add-on to an existing landholding, Victorian producers seeking alternative buying options and CBD-based investors targeting sale and leaseback.

"Because this is a reputable livestock region with a reliable average annual rainfall of 568mm, we also expect interest from producers and pastoralists in northern SA looking to acquire finishing blocks close to services, including abattoirs and markets," Mr Schell said.

Plana benefits from fertile soils, including black clay loams and sand over clay with pastures comprising mainly sub-clovers, phalaris and rye grass.

Improvements to the property include a four-bedroom family homestead with an independent self-contained unit under the main roof.

Other improvements include hay and machinery shed, dairy (not in use), steel cattle yards with loading ramp, sundry shedding and available three-phase power on site.

Plana is for sale via expression of interest, closing Thursday, October 31, at 4pm.

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