Somerset Poultry: Premier Broiler Farm Hits the Market

An exceptional opportunity has emerged in the agricultural sector with the listing of Somerset Poultry, a state-of-the-art broiler farm located in Murgheboluc, Victoria. This top-tier operation comes with a secure long-term grower agreement, making it a significant prospect for investors and operators in the poultry industry.

Somerset Poultry is equipped with six modern broiler sheds, capable of producing nearly 300,000 birds per production cycle, all under RSPCA-approved conditions. The farm is backed by a long-term grower agreement with Turosi Food Solutions Group, which adds an essential layer of stability and predictability to its operations.

JLL’s Agribusiness team is managing the sales campaign on behalf of a private seller. Senior Director of Agribusiness Chris Holgar stated, “This sale presents an opportunity to acquire a highly efficient and profitable poultry operation situated in one of Victoria’s most desirable agricultural locations.”

The property spans approximately 82.26 hectares of freehold land, strategically located to benefit from proximity to key supply chain infrastructure. “This ensures both operational efficiency and market certainty,” Mr. Holgar added.

Outstanding Financial Performance

According to JLL Associate Director of Agribusiness Jock Grimshaw, Somerset Poultry represents an exceptional investment opportunity. “With an EBITDA of approximately $1.1 million, this is a reliable, high-yielding asset offering a secure income stream. We anticipate it will trade in the vicinity of a 9 percent yield,” Mr. Grimshaw remarked.

The property’s advantageous location near the township of Inverleigh provides excellent access to major regions, including Geelong, the Surf Coast, and the Melbourne CBD. This accessibility enhances both logistical operations and market reach.

JLL Director Agribusiness Chris Lawlor noted that the property’s strategic benefits include its close proximity to Turosi’s hatchery and processing facility, Ridley’s Lara feedmill, and Avalon Airport. “These factors significantly enhance its operational efficiency and market access,” he explained.

Water Security and Growth Potential

Water security is a critical aspect of this property, ensured through reliable access from Barwon Water mains via a private main, the Barwon River, bore water, and an extensive on-farm dam storage capacity of approximately 50 megalitres. This robust water management system is vital for maintaining high operational standards in poultry farming.

Moreover, there is tangible growth potential for Somerset Poultry, with a precedent for developing additional sheds, pending necessary development approvals. “The property is professionally managed by an experienced team, facilitating a seamless transition to new ownership,” Mr. Lawlor added.

Market Insights

Mr. Grimshaw highlighted that the current market represents a prime opportunity for buyers to either establish or strengthen their position in the burgeoning poultry industry. “Over the past few decades, the Australian poultry sector has experienced consistent growth in domestic consumer demand,” he noted. “This trend is reflected in per capita consumption, with chicken significantly surpassing beef, pork, and lamb as the preferred protein choice among Australian consumers.”

Somerset Poultry is currently available for sale through an Expressions of Interest campaign, which is set to close on March 4. This represents a unique chance for potential buyers to invest in a high-performing agricultural asset within a thriving industry.

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