Property

SP Hay facilities in SA, WA for sale

Grain Central, February 25, 2022

SP Hay’s Brookton site. Photo: Elders Real Estate

THREE sites from the now defunct hay exporter, SP Hay, are up for sale, with the offerings located at Brookton in Western Australia and Paskeville and Laura in South Australia.

Totaling 40 hectares, the sites include land, fixed assets and equipment.

They are being sold by Elders Real Estate agents Adam Chilcott and Tom Russo as a whole or in parts, via expressions of interest closing on March 31.

SP Hay went into liquidation in November and is believed to owe more than $10 million to secured and unsecured creditors.

The largest offering is the 26ha site located seven kilometres north of Brookton in the Wheatbelt region, which was developed in 2000 and features large-scale hay storage and processing facility.

The site consists of two allotments suited to continue hay processing, and comes with hay teasing, blending, pressing and unitising equipment.

The Paskeville site, located 7km north-east of the township, offers similar hay-processing and storage opportunities to the Brookton site with a 5760-square-metre hay warehouse, machinery shed, significant water infrastructure and hay-processing equipment.

Both facilities could also provide an avenue for further expansion of products or service offerings, including the protein value-adding market.

The additional holding at Laura includes an open hay-storage facility with small weighbridge and old stone mill in disrepair.

Source: Elders Real Estate

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