Colliers International sells mixed farming enterprise at Bool Lagoon
A 1,336-hectare mixed farming property at Bool Lagoon near Naracoorte, in the south east of South Australia, has sold on a walk-in, walk-out basis.
The highly productive Heathfield Farm generated keen interest from local graziers, wine industry participants and agribusiness investors, before ultimately selling to regional Victoria’s Jarrad Simcock.
Colliers International’s Tim Altschwager, Jesse Manuel and Nick Dean brokered the deal on behalf of the Tidswell family, saying the sale demonstrated ongoing strength in the farming market.
“This result was driven by high stock values and the limited supply of large-scale grazing opportunities,” Mr Altschwager said.
“We expect strong enquiry and competition for grazing and cropping properties being marketed this spring.”
The mid- to large-scale farm, about 24 kilometres south west of Naracoorte and 30 kilometres north west of Penola, is located on the western side of Bool Lagoon, one of the largest and most diverse freshwater lagoon systems in southern Australia.
“The property benefits from substantial water entitlements totalling 1,216 megalitres, which are used for irrigating pastures and vines,” Mr Altschwager said.
“This impressive grazing property is extremely well developed and currently runs a mixture of Angus cattle and crossbred sheep.
“The 50 hectares of laser-levelled flood irrigation is primarily used to finish lambs for market.”
Mr Dean said about 116.63 hectares of the farm were developed into a mixed-varietal vineyard from 1995 through to 2000.
“About 90 per cent of the plantings are red grapes,” he said.
Substantial improvements include a Mount Gambier-stone homestead and second residence, shearing sheds and yards, cattle yards, machinery storage sheds, high-quality fencing with stock laneways and intensive feeding areas, office and employee amenities, and sundry buildings and yards.
The vendor is also selling the Heathfield Winery and vineyard, situated just south of Naracoorte in the Wrattonbully wine region.