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RURAL & AGRIBUSINESS

Prime for plucking

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DHILLON Farm near Mallala, north of Adelaide, has hit the market with expectations of $4.5 million, with interest expected from existing poultry industry participants and private investors.

Colliers agents Jesse Manuel and Nick Goode are marketing the asset via private treaty.

Set across 50 hectares around 58 kilometres north of Adelaide, the site has six tunnel ventilated grower sheds with automated climate-control, feeding, drinking and lighting systems. The sheds were developed from 1999 to 2001 and have been modified to accommodate free-range production.

Manuel said the farm’s contractual arrangement with one of Australia’s largest chicken company’s for the rearing of free-range chickens offers regular and consistent income.

“Historically we’ve seen mostly industry participants acquire these types of assets due to their specialised nature, however more recently we have been fielding enquiry from investors outside of the industry who are surprised at just how strong the returns are,” he said.

Other improvements include manager’s residence, workshop, grain silos, more than 300,000 litres of on-site water storage, control rooms and backup diesel generator, while three-phase electricity and reticulated town water are connected to the property.