Colliers International sells 328-hectare Kiewa Valley property for more than $5million
A Brighton couple has invested in a slice of Hollywood history, securing one of Mel Gibson’s former properties for more than $5million.
Known as Springbank, the 328-hectare rural ranch at 1651 Gundowring Road, Gundowring in the Kiewa Valley, is about 35 kilometres south-east of Albury-Wodonga and has extensive views of the Australian Alps.
Colliers International’s director of Lifestyle Estates Kim McQueen negotiated the sale on behalf of vendors David and Christine Trevethan.
“Springbank has been on the market on and off since 2012 with different agencies but no one has been able secure a buyer at the right price,” she said.
“Colliers International listed it just six weeks ago and were able to attract a range of potential buyers, including the new owners, who fell in love with the property on the spot.”
“The Kiewa Valley was not on their radar but after seeing the property advertised, they fell instantly in love with not only the farm, but also the magnificent valley location.”
The vendors bought the land from Oscar-winning actor Mel Gibson in 2004 and have since built a four-bedroom luxury homestead with a heated outdoor swimming pool, conservatory, gourmet kitchen, library, study and three bathrooms.
The land is set up for cattle farming and horse agistment, with two natural springs, several dams, stables, cattle yards and sundry sheds.
Ms McQueen said the sale was testament to Colliers International’s new product line Lifestyle Estates, which was introduced to the business earlier this year.
“$5million is a big price for properties of this nature anywhere,” she said.
“It is always a fantastic result when we are able to match suitable buyers to such properties, which are so unique by all standards."