Allen family’s Eyre Peninsula portfolio set to change hands

Grain Central, August 1, 2023

The Allen family’s portfolio of seven Upper Eyre Peninsula properties is for sale through an EOI campaign. Photo: CBRE

THE South Australian-based Allen family has listed 4572ha of farming land and a 9240ha grazing block on the Eyre Peninsula for sale, with a price expectation of circa $20 million.

The portfolio comprises seven properties: Wannamanna; Allen Park; Woolfords; Panitya; Wudinna East; Jasons Block, and Yeltana Station, which are for sale in one line or as individual holdings.

Some properties have been held by the Allen Family for up to six generations with Albert James Allen
purchasing the first property in 1911; the family has continued to acquire properties ever since.

CBRE Agribusiness agents Phil Schell and Angus Bills are managing the sale via a two-stage expression-of-interest campaign closing September 14.

The farming properties are in the Wudinna, Kyancutta and Panitya districts, and Yeltana Station is 35km north of Kimba.

Jason Allen and wife Sonia together with Jason’s brother Trent Allen and his wife Laura have historically run a mixed-farming operation supporting 5500 Dorper ewes plus replacements, 100 cattle and 80 horses.

Yeltana Station is rated at 970 dry sheep equivalents.

“Some of the properties have been held in the Allen family for over 110 years, so we are expecting interest from local farming families to make the most of this opportunity as well as out-of-district
farmers and CBD-based investors,” Mr Schell said.

The properties’ improvements include well-appointed houses with established gardens, an indoor
heated swimming pool, machinery sheds, hay sheds, workshops, shearing sheds, sundry shedding,
undercover horse stables and arenas, and telemetry monitoring.

Water security is a feature, with natural freshwater soaks, dams, mains water supply to most properties and plastic water catchments.

“The Eyre Peninsula has benefitted from above-average harvests in the past few years and is off to a good start for the 2023 crop because of early rainfall,” Mr Bills said.

“Most crops across the district are well established and the timing of the campaign will allow incoming purchasers access to ensure the properties are ready for the 2024 growing season.”

The Allen family’s seven properties include grazing and mixed-farming country on the Upper Eyre Peninsula and cover 13,812ha in total. Photo: CBRE

Source: CBRE


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