One of the most historic and significant broad scale rural properties in Victoria’s Western District is set to hit the market this week amidst strong interest in Australian primary production.
Colliers International’s Shane McIntyre and Tim Altschwager have been appointed to sell ‘Terinallum’, a 3,240ha (8000 acre) property near Darlington, on behalf of John and Marita McIntosh.
“Terinallum is a rare jewel in the state of Victoria,” Mr McIntyre said. “Seldom do rural properties of such high calibre come to the market.
“Not only is this one of Victoria’s most significant historical properties, it also offers productive versatility of fat lambs, wool production, beef and cropping in an area highly regarded for its reliable seasons."
Terinallum, originally settled by the Clyde Company in 1846, is well located with 24km of frontage to Mount Emu Creek. The property comprises a magnificent homestead surrounded by professionally designed gardens which consistently featured in the ‘Open Garden Scheme’.
Clyde Company built a substantial Bluestone woolshed on the property in 1850. With 12 stands and a significant wool storage area, this outstanding building holds 2,500 woollies.
The stunning 900sqm, six-bedroom homestead is prominently positioned amidst 3ha of eye-catching gardens with sweeping lawns to the Mount Emu Creek. It also features dry stone walls, an 80m wisteria walk, a reflection pool, swimming pool, tennis court, croquet lawn and hothouse.
Two well renovated Bluestone guest cottages also provide quality accommodation. In addition, there are substantial improvements including undercover cattle yards, machinery and hay shedding, stables and station outbuildings.
“Reliably watered by natural springs, the property has been astutely developed with centre pivot irrigation enabling Lucerne and fodder production supporting 17,000 sheep (including lambs), 550ha of winter crop and up to 500 dairy agistment cattle per year,” Mr Altschwager said. “Fenced into 60 paddocks, with a central laneway system,and formed roads throughout the property, stock movement is fluent and efficient.
“The high quality, relatively young cross bred sheep flock offers exceptional mothering ability, high growth rates and lambing percentages; while the highly responsive lunette soils are consistently productive and versatile.”
The region has a strong tradition of cropping, beef and sheep grazing, wool production and dairy in the higher rainfall areas. Soils comprise a combination of sought after dark alluvial loams and well drained volcanic basalt plains, with the cropping land typically supported by 600mm rainfall zones.
“Over the past 12 months, this region has seen a sharp upswing in arable land values on the back of renewed corporate interest in the district, tight supply of listings and a ‘flight to quality’ from institutional investors as well as favourable key agricultural indicators,” Mr McIntyre said.
“Record low interest rates, a favourable exchange rate, an unprecedented number of Free Trade Agreements with our global trading partners, record beef prices, surging lamb values, and an improving wool market have combined to create a platform of strong domestic and international interest in primary production rarely seen before.
“These factors, coupled with the unique nature of this property and the flexibility it offers a potential purchaser, will see Terinallum generate strong interest among a wide-ranging buyer group."
Terinallum is to be sold by Expression of Interest closing November 30 at 5pm at the office of Colliers International, Level 30, 367 Collins Street, Melbourne.