146 Moffatt Road

Dudley East SA 5222

Note: The lessors priority is to lease the larger block "Wallaby Run", the smaller block, "Wallaby Downs" is available to that lessee only

- Fenced into 32 + 12 paddocks, majority fencing new/replaced over the past 15 years.
- Well served by raceways, all sown down to kikuyu
- Extensive as new 4 stand raised curved board shearing shed, yards to match
- Pastures of subclovers, and annual grasses, with 104ha (WR) + 77ha(WD) sown to kikuyu
- Reliable 600mm average rainfall area

Initial term of 5 years, commencing Feb 28th 2023 - at end of year 3 or 4 discussions could be initiated to continue

Permitted uses, sheep grazing and/or cropping* (*limited to those paddocks not sown to kikuyu), no cattle.

The property has been fully destocked since 8th November 2022, currently, as a consequence of the extended late Spring, there is a large amount of standing dry feed on the properties

Super history has been limited to the areas of pasture re-establishment.

No restrictions on stocking rate**, or super applications during the lease period (** only proviso here is that areas are not denuded to allow erosion)

For potential mainland based operators, accommodation may be made available.

Further conditions of lease-

Included infrastructure and equipment

- Full access to the shearing shed. Including the shearing plants, wool press and wool table
- Full access to the sheep yards
- Full access to the lunch room/workshop including refrigerator, open workshop and hay shed
- Full access to the silo's/field bins including use of the auger
- Optional use of the diesel tank
- There is a 400 metre airstrip on the property

Other
- The Kangaroo Island landscape boards feral cat eradication team along with other wildlife surveyors must be allowed access to the property whenever they require.
- All wildlife on the property is fully protected

Draft EOI's are invited from potential lessees, subsequent to that a number of the "most preferred parties" will be invited to have a detailed inspection of the property, and engage with the lessors, prior to submitting their final lease offer.

For the initial EOI, please submit the following details by email to colin.hopkins@elders.com.au on or before 6th January 2023.

- Trading entity, full contact details, (name, address, phone and email) of main contact person
- Enterprise to be conducted over the lease period.
- Preference as to either one, or both blocks

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies, or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein. Elders Real Estate RLA62833