The Wattle Range Portfolio of highly productive freehold land in South Australia’s Limestone Coast region is for sale in-one-line or as three separate assets, offering an exciting opportunity for institutional scale investment.
The Portfolio comprises approximately 5,485 hectares of freehold land in the Wattle Range region 25km west of Penola. The area is renowned for its productive soils and reliable rainfall, and features a wide range of agricultural enterprises, from livestock, cropping and dairy, to forestry, horticulture and viticulture.
The three parcels of land, known as the Northern Aggregation (2,769ha), Central Aggregation (1,451ha) and Southern Aggregation (1,265ha), receive an average annual rainfall of 656 millimetres.
As part of the transaction, existing blue gum forestry plantations in the Wattle Range Portfolio will be retained under leaseback arrangements with varying timelines for investor possession through to 2030. This timing allows the vendor to facilitate plantation harvests and undertake remediation works to ensure the land is fully cleared, ploughed and transitioned to agricultural use of the incoming buyer.
Once the remediation is complete, the Portfolio will comprise approximately 4,524ha (82%) of productive agricultural land and 961ha (18%) of native vegetation and support land.
LAWD’s lead agent for the sale, Danny Thomas, said the existing leases and planned remediation works made the Wattle Range Portfolio a remarkable institutional-scale opportunity.
“These arrangements ensure there is a de-risked transition to agricultural use, as well as offering long-term investment flexibility for prospective buyers,” Mr Thomas said.
“Whether the Portfolio is divided and purchased separately, or acquired as a whole, investors will benefit from gaining a substantial foothold in this highly productive region.”
The topography of the three aggregations is predominantly flat to gently undulating and is underpinned by the Gambier limestone formation. An extensive unconfined aquifer provides irrigation and drainage for year-round farm production.
The opportunity exists to acquire additional water rights (subject to approvals) via the Lower Limestone Coast Prescribed Wells Area, which would support potential irrigation development. Wattle Range Portfolio has benefitted from Forest Water Licences via the aquifer, but these will not be directly available as part of the sale process.
The Wattle Range Portfolio is strategically located within easy reach of major commodity processing facilities including saleyards at Naracoorte, Mount Gambier and Hamilton, grain receival sites at Naracoorte and Bordertown, and dairy processors at Penola and Mount Gambier, as well as abattoirs at Bordertown and Lobethal.
The Wattle Range Portfolio is being offered for sale in-one-line or as three separate assets by Expression of Interest, closing at 12pm (AEDT) Thursday 12 March 2026. For more information, contact LAWD Agribusiness Consultant, Danny Thomas on +61 439 349 977, or LAWD Director, Erica Semmens on +61 419 714 039.
