OFF MARKET

291 Teates Road
Frances SA 5262

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3046000m2
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Property Details for 291 Teates Rd, Frances

Building Type
Rural
Year Built
1950
Land Size
3046000m2
Local Government
Naracoorte Lucindale
Lot/Plan
A12/D45866

Last Listing description (October 2024)

LAWD and TDC Livestock & Property are pleased to present for sale Boorala Aggregation (the Aggregation), an institutional scale farming opportunity currently utilised for dryland cropping (cereals, oilseeds and faba beans) and grazing (beef cattle and prime lamb), situated within the renowned Frances region of South Australia.
Key Investment Highlights

- Area: The Aggregation includes two properties:

Boorala: 1,980* hectares (4,893* acres)
Manton: 841* hectares (2,077* acres)
Total: 2,821* hectares (6,970* acres)

- Scale: Primary focus on 1,655* hectares of winter crop planted for the 2024 season, in addition to livestock production.

- Flexibility of Enterprise: Multi-enterprise opportunity suited to a broad spectrum of commodities including a diverse range of winter crops (cereals, oilseeds and faba beans), prime lamb and cattle production.

- Capital Expenditure (CAPEX): Significant CAPEX programs have focused on cropping efficiencies, pasture development, water infrastructure, soil amelioration, fencing/laneways and infrastructure.

- Topography: Generally level throughout Boorala with some slight hill and undulations across Manton.

- Soils: A mixture of fertile brown loams over clay throughout Boorala and heavier loams with sandy soil types on rises across Manton.

- Pastures/Crops: A mixture of high-performing improved perennial pastures (phalaris and ryegrass) combined with dryland winter dual purpose crops (wheat, barley, canola and faba beans).

- Water: High-quality and reliable underground water sourced from bores with new pumping systems at both Boorala and Manton.

- Accommodation: Boorala homestead (circa 1980) as well as a further two residences (all of which have undergone recent renovations in the past two years).

- Improvements: Fit-for-purpose operational improvements to support the cropping and livestock enterprises with a newly constructed workshop, chemical shed, livestock yards and containment yards.

- Location: Located within the renowned Frances region of South East South Australia.

The Aggregation is being offered for sale (in-one-line or as separate assets) by Expression of Interest closing 12pm (AEST) on Thursday 6 June 2024

*approximately

Property History for 291 Teates Rd, Frances, SA 5262

A timeline of how this property has performed in the market
Last Sold
$22,000,000
09 Apr 2021
  • 17 May 2024
    Listed for Sale EOI
  • 09 Apr 2021
    Sold for $22,000,000
  • 24 Sep 2020
    Listed for Sale Expressions of Interest
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About Frances 5262

The size of Frances is approximately 119.4 square kilometres. The population of Frances in 2011 was 532 people. By 2016 the population was 75 showing a population decline of 85.9% in the area during that time. The predominant age group in Frances is 0-9 years. Households in Frances are primarily couples with children and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Frances work in a managers occupation. In 2011, 78% of the homes in Frances were owner-occupied compared with 65.8% in 2016..

Frances has 135 properties. Over the last 5 years, Houses in Frances have seen a 416.71% increase in median value. As at 31 October 2024:

  • The median value for Houses in Frances is $532,417.
There are currently no properties listed for sale, and no properties listed for rent in Frances on OnTheHouse. According to CoreLogic's data, 3 properties were sold in the past 12 months in Frances.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.