SOLD
Sold on 21 Dec 2023 for $21,500,000

234 Carmelo Road
Riverlea Park SA 5120

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 590600m2
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Property Details for 234 Carmelo Rd, Riverlea Park

Building Type
Rural
Land Size
590600m2
Local Government
Playford
Lot/Plan
S173/H105800

Last Listing description (October 2023)

P'Petual Holdings
- 59.06 hectare landholding
- 12 hectares of protected cropping

- Diverse crop categories
- Extensive national customer base
- Experienced management and workforce
- Situated 38km north of Adelaide CBD

P'Petual Holdings is a well-established and renowned producer, packer and marketer of high-quality, hydroponically produced vegetables. The business has the abilty to supply high volumes of consistent product on a year-round basis meaning its services are highly sought-after by supermarkets and other clients.

The P'Petual property comprises nearly 60 hectares of land with two titles on the western extremity of the Adelaide Plains market garden area at Buckland Park, and falls within a major urban growth corridor with considerable residential development projects being undertaken in the area. A large portion of the property is zoned Suburban Neighbourhood.

P'Petual has undergone significant expansion in recent years, with the addition of a 6 hectare modern glasshouse development, administration building and service building, to expand upon the original 6 hectares of double-skinned plastic greenhouses at its Buckland Park site.

With the new production area coming online, P'Petual has positioned itself as a significant player in the tomato, mini-cucumber and eggplant categories, as well as pre-pack lines under its well-established Ausfresh brand.

P'Petual Holdings has plans for significant growth and is seeking proposals from investors to acquire a stake in the operation. The principals are also open to other transaction structures for the property and business.

Prospective investors are invited to submit a Non-Binding Indicative Offer by 4pm on Friday 5 August 2022.

For further information, please contact the exclusive agents, Colliers Agribusiness.

Property History for 234 Carmelo Rd, Riverlea Park, SA 5120

A timeline of how this property has performed in the market
Last Sold
$21,500,000
21 Dec 2023
  • 21 Dec 2023
    Sold for $21,500,000
  • 27 May 2022
    Listed for Sale Contact Agent
  • 04 Nov 2003
    Sold for $2,720,000

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About Riverlea Park 5120

The size of Riverlea Park is approximately 53.2 square kilometres. It has 1 park covering nearly 2.7% of total area. The population of Riverlea Park in 2011 was 276 people. By 2016 the population was 170 showing a population decline of 38.4% in the area during that time. The predominant age group in Riverlea Park is 50-59 years. Households in Riverlea Park are primarily couples with children and are likely to be repaying $2400 - $2999 per month on mortgage repayments. In general, people in Riverlea Park work in a managers occupation. In 2011, 82.3% of the homes in Riverlea Park were owner-occupied compared with 86.8% in 2016..

Riverlea Park has 1,105 properties.

    There are currently 7 properties listed for sale, and 3 properties listed for rent in Riverlea park on OnTheHouse. According to CoreLogic's data, 478 properties were sold in the past 12 months in Riverlea park.

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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.