The non-operational Nangwarry sawmill and its 28 hectares of land have reportedly been sold.
Neither the sale price nor the new owner have been revealed.
It has not operated since 2018 when its workforce numbered 25.
At its peak, there were 600 employees at the plant.
The sales agents were acting under instruction of the liquidators of Shield Holdings South Australia Pty Ltd.
The agents had stated the sale offered investors, developers and owner occupiers the opportunity to acquire a significant industrial land holding with extensive building structures on low site coverage.
Also available was an extensive list of machinery and equipment for the continued trading of a timber export business that could be acquired together with the property on a ‘walk-in walk-out’ basis, or separately to the property.
Expressions of interest closed with the agents late last year.
The Nangwarry sawmill was established in the 1940s by the State Government to process the timber from the state-owned pine plantations.
Along with its sister mills at Mount Gambier and Mount Burr, it was sold as a job lot for $130m in 1996 to New Zealand firm Carter Holt Harvey.
Nowadays, the Mount Gambier Mill is owned and operated by OneFortyOne. The Mount Burr Mill closed in 2000 and is now derelict and owned by local interests.
