Buyers to converge on Yaloak Estate in biggest land bank sale in recent history

Hot contest expected for arguably the largest single landholding within 60km of Melbourne

A diverse range of domestic and international buyers are set to compete to acquire arguably the largest single landholding within a 60km radius of Melbourne.

 

Yaloak Estate, a massive 5,071ha property at 4662 Geelong-Ballan Road in Ballan, is due to hit the market next month through Colliers International’s Duncan McCulloch and James Beer, in conjunction with David Williams and Tim Faulkner of Kidder Williams.

 

Currently operated as a highly productive cropping and grazing enterprise, the property represents an unprecedented land bank opportunity with outstanding future potential.

 

Agents expect the well known, large scale landholding to attract keen interest from domestic and international land bankers, high net worth individuals and developers.

 

“This represents the biggest land banking opportunity to come to the market in recent years,” Mr McCulloch said. “However, it is also a highly productive agricultural enterprise and, as such, we anticipate an influx of interest from a wide range of buyer groups.”

 

The property comprises circa 2,003ha of arable land suitable for cropping, with the balance predominately utilised for grazing.

 

“Most of the grazing land has been further improved with perennial pastures as well as some areas with bi-annual pastures, together with a comprehensive fertiliser regime,” Mr Beer said. “In addition, substantial soil improvement programs including sub-soil manuring have historically been undertaken, allowing Yaloak Estate to boast some of the highest yielding crops in the state.”

 

There are extensive structural improvements of historic significance, including the Yaloak Estate Homestead (circa 1890), seven additional residences, numerous other structural improvements and the renowned Yaloak Polo Club.

 

Yaloak Estate also benefits from an executed wind farm agreement, which provides passive income for an incoming purchaser.

 

Mr McCulloch said the property’s prime position within easy travelling distance of not only the Melbourne CBD (60km) but also Ballarat (35km) and Geelong (44km) would further increase its appeal to buyers from all walks of life.

 

“Melbourne has become one of the fastest-growing cities in the developed world, racing away from the rest of Australia and doubling the rate of growth of most cities in advanced economies,” he said.

 

“The continued expansion of the City of Melbourne provides a unique opportunity for an astute long-term investor to capitalise on this outstanding growth opportunity, given both the ideal location of Yaloak Estate and the sheer scale of the landholding.”

 

Yaloak Estate is for sale by forthcoming International Expressions of Interest.


Related Experts
expert photo

Duncan McCulloch

National Director | Transaction Services | Agribusiness

Melbourne CBD

Duncan is a National Director within the Agribusiness Transactions Services team, with a background steeped in corporate advisory and restructure over a broad range of industry sectors, in particular property and agribusiness.

He has wide experience and a substantial record of achievement in optimising value and implementing practical divestment solutions in the sale of large-scale rural landholdings and businesses across all industry sectors, including but not limited to livestock, dairy, irrigated and dryland cropping, horticulture, viticulture and forestry.   

This includes specialist knowledge from initial assessment, sale strategy and marketing, price maximisation, negotiation, evaluation of highest and best offers and management of contract execution.

Duncan is based in Colliers International’s Melbourne office, responsible for the disposal of assets across Victoria, Tasmania and Southern New South Wales.

View expert
expert photo

James Beer

Director | Transaction Services | Agribusiness

Melbourne CBD

James is a Director within the Agribusiness Transaction Services business line, with over five years’ experience in the divestment of large scale rural holdings across all asset classes.

He has an extensive background in marketing and sales strategy, having successfully transacted several properties across various agricultural commodities, including livestock, dairy, irrigated and dryland cropping, horticulture and viticulture, to name but a few. 

James is based in Colliers International’s Melbourne office, responsible for the disposal of assets across Victoria, Tasmania and Southern New South Wales.

View expert
expert photo

Laura Phillips

Associate Director | PR & Communications

Melbourne CBD

Part of the Australian media landscape for 10 years, with a background in newspaper and magazine journalism, including property reporting. 

Fostering strong relationships with property and business journalists and editors across national, state and local media, from newspapers and online publications to television and radio.

View expert