DOUBLE B Farm is for sale with a grower’s agreement to one of Australia’s largest processors, and is expected to make around $16.5 million for vendors Dawn Buckby and Robert Blott.
Located 110km north of the Adelaide CBD, the 59ha property features 12 fully operational broiler sheds with a total production area of 30,599 and a total placement capacity of 535,000 birds.
CBRE’s John Harrison, Phil Schell and Angus Bills are managing the sale via an expression-of- interest campaign closing December 7.
Supporting structures include a manager’s dwelling, workers’ cottage, workshop with office amenities, a generator shed, and general-purpose storage shedding.
The property has water provided via mains supply and power sourced from both mains connection and two onsite solar farms.
“With the current requirements for lean protein likely to drive demand, this is an exciting opportunity for both high-net-worth investors and existing poultry participants,” Mr Harrison said.
“Economists are predicting consumer trends to further support increased poultry consumption given chicken is currently the cheapest meat protein available to Australian consumers and the most consumed compared to other meats.
“Large-scale, contracted broiler farms rarely come to market.
“The asset has been well developed by the current owners and is ideally located in terms of access, staff labour and distance to nearby processing facilities, which are all critical factors to consider with poultry assets.”
Australia produced approximately 1,367,000 tonnes of chicken meat in the year to June 2023, and primarily supplies domestic consumption which currently sits at around 50kg per capita per year.
It is estimated that approximately 68 percent of Australians eat chicken meat as part of a meal twice a week, with the expectation consumption will maintain its growth trajectory.