From One Family to Another

7 Antonio Court, Newton

Long-standing family-owned and operated South Australian businesses have traded a food processing and distribution facility for $4.85 million in an off-market deal.

McGees Property’s Marco Onorato and Ross Christodoulou negotiated the significant sale of 7 Antonio Court, Newton.

Slape & Sons – producer of premium sausages, burgers, rissoles and chevapchichis – will be handing over the keys of the 1,724sqm facility, some 30 years on from when three generations of the family started the business.

On the buy-side is popular and multi-award winning ready-made meals brand Enzo’s At Home, which carries on the culinary legacy of Enzo Fazzari’s renowned Hindmarsh restaurant Enzo’s Ristorante. Its meals are stocked in supermarkets including Drakes and IGA.

“Both the vendor and purchaser are expanding to further their national growth strategies,” Onorato explained.

“It’s a fantastic outcome for both.

“The functionality of the property was a huge attraction for Enzo’s At Home. We’re seeing strong demand for high-quality food processing facilities and very little stock is becoming available.”

The facility is on a 3,329sqm site that offers easy access and ample parking.

Christodoulou said the facility was strategically located close to Gorge Road and Lower North East Road, offering easy access to the rest of Adelaide.

“Functionality and accessibility are front of mind for operators who want to cater to demand in good time and get their products out there,” he said.

Onorato said the transaction showcases McGees Property’s deep market knowledge and ability to connect the right buyers and sellers.

“Using our networks and database we were able to source the ideal purchaser for this property and achieve a great result for our client,” he said.