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Prized South Australian aggregation, ‘Saltbush Ag’, sold for in excess of $33M

By Carly Marshall

The 7000+ acre Saltbush Ag aggregation in the lush mid-north region of South Australia at Booborowie and Leighton has been split up and sold for in excess of $33 million to five local buyers.

Ray White Rural South Australia principals Geoff Schell and Daniel Schell proudly marketed the aggregation for the Handbury family who had made the decision to divest their farming assets in the highly productive mid north to focus their enterprise in the south east of South Australia

The aggregation consisted of six properties located in the Booborowie and Leighton areas which were sold to five family farming businesses all based in the mid north of SA.

“I have lived and worked in this area for over 30 years and we had strong interest from all over the country, with more than 100 enquiries during the marketing campaign,” said Geoff Schell.

“It was such a great opportunity to invest in such a well managed and large-scale farming operation in this highly regarded region of South Australia,” he said. Mr Schell conducted around 20 inspections and had received 19 written expressions of interest to purchase.

“The result is no surprise to us as the Booborowie / Leighton district is so highly recognised for its suitability and flexibility to broad enterprise options including growing cereals, oil seeds, legumes, hay production, prime lamb and wool production.

“This result is a strong sign of confidence in the local market for its reliability.”

The aggregation focuses on integration from broadacre cropping and prime lamb production benefiting from scale, operational efficiency, fertile soils and strategic location within close proximity to markets.

The infrastructure across the properties, includes two main homesteads, five additional homes, hay sheds, sheep feedlot, two shearing sheds, irrigation pivots, grain storage silos, workshops and other shedding.

Mr Schell said underground water was one of the key assets with supply from equipped bores, including irrigation bores.

Pastoralist Paddy Handbury and his family had owned the aggregation for around 27 years.

The Handburys have been landowners in South Australia since they bought the famous Collinsville merino and poll merino stud in 1995.

They sold the stud empire in 2014 after 19 years of ownership, ensuring its survival as one of the country’s great suppliers of superior merino genetics.

Media Contacts
Alex Tilbury
Ray White
Head of Media
media@raywhite.com
0413 842 112

Marketing Agents
Ray White Rural South Australia
Geoff Schell
M 0418 842 421
geoff.schell@raywhite.com
Daniel Schell
M 0415 436 379
daniel.schell@raywhite.com

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