SOLD
Sold on 22 Apr 2024 for $1,750,000

137 Greenock Road
Greenock SA 5360

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 542200m2
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Property Details for 137 Greenock Rd, Greenock

Building Type
Rural
Year Built
1976
Land Size
542200m2
Local Government
Light
Lot/Plan
S1816/H160700

Last Listing description (November 2023)

This well-known & well-respected business presents a unique tourist & business opportunity in South Australia's premium food, wine & tourist areas. Carcoola Jersey Stud presents a tidy herd of quiet Jerseys producing quality, award-winning high-component milk.

Carcoola Jersey Stud is being sold on a walk-in walk-out basis with the list of plant & equipment and dairy cows, available upon request from the agents. The property is positioned in an area of the Barossa Valley known as Western Ridge which is an ideal viticulture area producing Grange & other well known brands & is a great area for premium vineyards if Dairying is not the preferred use for this unique property.

Healthy paddocks grow winter crops using sustainable farming methods, making the most of natural rainfall and removing the need to irrigate pastures. The herd is fed on a consistent diet of hay, silage, grain, and pellets and graze on fresh pasture during spring.

The Jerseys are all named under the Carcoola Jerseys stud prefix and can trace their lineage back to the 5 original Jerseys purchased to begin the stud in 1976. The milk is gravity-fed from storage vats in the dairy directly to the onsite shipping container factory.

The dairy industry in South Australia is an important part of the state's economy, providing employment and income for many people, it is also a key contributor to the state's agricultural sector. The state is home to some of the most productive agricultural land in the world and has a long history of producing high-quality dairy products.

As well as the exciting opportunity for diversification into other activities such as Agri-tourism, education, and further value-added products, the future outlook is bright. The Jersey Fresh brand is well positioned and has a prime opportunity to further capitalise on the above with great potential for growth into new product lines, expanded distribution, and potentially tourism.

Carcoola Jersey has been operating with passion for over 40 years in the Barossa Valley, but it was only in 2004 that the Kernich family began to bottle their milk and cream and distribute it under the Jersey Fresh label. Operating with the belief that dairy products should be simple and honest, Jersey Fresh milk is not homogenised, so all the sweet cream settles to the top of the bottle. Shake it before you drink it!

Other improvements include 4 bedroom solid brick home, dairy, cold rooms & storage, workshop, feed shed & calf shed.

It is with pride they now offer the opportunity for new ownership, someone with the entrepreneurial passion, knowledge, and desire to grow this business and quality landholding, and take it to new heights.

IN CONJUNCTION WITH Kent Aughey 0408 810 299 Ashington Advisory, RLA 237922

Property History for 137 Greenock Rd, Greenock, SA 5360

A timeline of how this property has performed in the market
Last Sold
$1,750,000
22 Apr 2024
  • 22 Apr 2024
    Sold for $1,750,000
  • 17 Nov 2023
    Listed for Sale EOI Closes 8-12-23 @ 5pm (USP)
  • 02 Dec 2016
    Transferred

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About Greenock 5360

The size of Greenock is approximately 21.5 square kilometres. It has 1 park covering nearly 0.2% of total area. The population of Greenock in 2011 was 839 people. By 2016 the population was 1,074 showing a population growth of 28.0% in the area during that time. The predominant age group in Greenock is 50-59 years. Households in Greenock are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenock work in a trades occupation. In 2011, 89.2% of the homes in Greenock were owner-occupied compared with 87.9% in 2016.

Greenock has 621 properties. Over the last 5 years, Houses in Greenock have seen a 102.55% increase in median value. As at 31 October 2024:

  • The median value for Houses in Greenock is $694,593 while the median value for Units is $435,967.
  • Houses have a median rent of $260.
There are currently no properties listed for sale, and no properties listed for rent in Greenock on OnTheHouse. According to CoreLogic's data, 22 properties were sold in the past 12 months in Greenock.

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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.