A large-scale cropping and grazing property located along the Cairn Curran reservoir has been put up for sale.
The asset is an aggregation of three properties within a 3km radius, with a total combined landholding of approximately 1,583 ha. Its expected sale price has not been disclosed.
The farm has been owned by the same family since 1848, with the current generation looking to sell as they approach retirement, according to a source close to the sales process.
It is likely to appeal to local farming groups in Victoria as well as small to mid-sized corporations, the source added, thanks to its size and location in that region of the state. CBRE Agribusiness has invited offers for Cairn Curran via expression of interest.
Currently, around 1,200 ha of the land is arable and used for cereal and oilseed production, with approximately 120 ha developed to center-pivot irrigation. The property has a 320ml high-reliability groundwater entitlement, which agent CBRE described as “excellent quality.”
The rest of the property is being used for grazing purposes, with the operation home to a Merino flock of 1,400 breeding ewes.
A number of structural improvements have been made to the asset, including a main homestead and three additional dwellings, two shearing sheds, approximately 1,880 tonnes of grain storage, two sets of sheep yards and numerous storage sheds. Operational infrastructure on site includes stock-proof fencing, a laneway system and stock water facilities.
CBRE Agribusiness agent James Beer, who is handling the sale, described the farm as “a productive cropping and grazing property with a history of strong performance, underpinned by high-quality basalt soils and reliable rainfall.”
There is scope for further development of arable land and irrigable areas, he added.
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