A LARGE, well-equipped grain storage facility at Edenhope in Victoria’s Wimmera region has come on the market.
Located at Charam in Victoria’s West Wimmera region, the 28ha holding currently services around 80 growers in areas between Naracoorte, Casterton, Hamilton and Horsham.
Agent for the sale, CBRE’s Phil Schell, says expectations are that the site will attract significant local and offshore buyer interest.
The facility is being put to market via expressions of interest on behalf of joint owners the Holland family and significant Australian grain trader, Emerald Grain.
“With south east Australia looking at a bumper crop year we expect the sale campaign to generate considerable interest from both local and offshore parties,” Mr Schell said.
“A syndicate of farmers could look to acquire the asset, or it might be purchased by an investor with a view to striking a leasehold arrangement with growers or commodity traders. We also expect to field interest from corporate players within the grains industry.”
The facility benefits from a central location with road linkages to all of the export terminals and domestic consumers in Victoria, South Australia and southern NSW.
It features a significant amount of infrastructure including 16 silos, two substantial near-new grain sheds, a smaller grain shed, and two grain bunkers with expansion capabilities, providing a total storage capacity of about 90,000 tonnes.
Other improvements include a site office, weighbridge, sample stand and machinery shed.
More than $3 million in capital upgrades have occurred in recent years, which have improved the property’s storage capacity to its current level.
Mr Schell said another attraction for purchasers would be the site’s ability to store multi commodities given its range of segregated storage options.
The property is for sale or lease by Expressions of Interest through CBRE Agribusiness, closing 30 September.