Home Home Page Articles SA’s Mount Schanck put on the market for $50 million

SA’s Mount Schanck put on the market for $50 million

Photo taken from CBRE.

Mount Schanck, a historic sheep and cattle grazing station near Mount Gambier, has been put on the market for $50 million.

If sold, the property could set a new price record for SA.

The walk-in-walk-out sale of the station includes around 4,500 livestock, access to 5,000 mega-litres of Ground Water Entitlement, a four-bedroom homestead, and a shearing shed with shearer’s quarters.

The 2,870-hectare property has only had three owners in the last 200 years, and was last traded off-market in 2005.

The most recent owner was Rob Evans, a former AFL Chairman and businessman. Prior to Evans, the property was owned by the Clarke family for over 140 years.

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After Evans passed away in 2007, his son Richard took over the management of Schanck.

The sale of the property is being handled by Phil Schell of CBRE.

“We’ve never seen market conditions like this before. The family acquired the property as an intergenerational asset, but the market has really moved in their favour and now is the time to sell,” said CBRE marketing agent, Danny Thomas.

Thomas believes the property is more likely to appeal to local farmers running family businesses, than corporate entities.

Photo taken from CBRE.

Source: The Australian Financial Review/ Beef Central