A large-scale, highly productive portfolio of cropping properties in Victoria’s Mallee region is expected to attract keen interest in excess of $10million.
Colliers’ Duncan McCulloch and James Beer have been appointed to sell, in one line or separately, the Merriwa Pastoral Company portfolio at 230 Baulch Road in Normanville by Expression of Interest.
The 1,484.05ha cropping enterprise has an approximate arable area of 1,436.40ha and comprises three properties, known as Home (approximately 372.98ha), Estate (approximately 419.76ha) and Ryans (approximately 691.31ha).
“Dryland cropping properties in Victoria, and particularly the Mallee region, are highly sought after in the current climate,” Mr McCulloch said. “Strong seasonal conditions and commodity prices, combined with a favourable interest rate environment, are driving demand for agricultural assets across the board, with a particular focus on cropping and grazing properties.
“The scale of the portfolio will be attractive to both family farming groups and corporate investors, and the flexibility in being able to offer the properties within the portfolio for sale individually will further drive interest.”
The properties are home to highly productive soil types and favourable topography, underpinned by average annual rainfall of approximately 357 millimetres.
Quality structural improvements include a four-bedroom main residence, three-bedroom dwelling, a cottage, multiple machinery sheds, workshop, hay shed, shearing shed, chemical shed, fuel storage tanks and silo complex.
There is also excellent supporting infrastructure, including quality fencing, stock water access to each paddock and a laneway system.
The Merriwa Pastoral Company portfolio is located within convenient distance of several key towns and cities supporting the agriculture sector, including Kerang (15km), Boort (27km), Charlton (54km), Bendigo (110km) and the Melbourne CBD (240km).
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