165 ACRES OF PEAT LOAM COUNTRY

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A strategic landholding at Bayles within ten minutes of the important centres of Pakenham and Kooweerup is listed for private sale by Rodwells Ruralco Property agent Ray Cullen.

With a land area of 66.77 hectares, or 165.4 acres held in four titles, the property known as 980 Main Drain Road has about 620 metres frontage to the Bunyip River along Main Drain Road.

While the sale price is negotiable based on $2.9 million, the property features the coveted black peat loam soils for which this district is revered, especially by asparagus and more recently strawberry and other crop enterprises.

Historically the property was operated as an organic dairy farm but it then changed hands and the property is under a negotiable lease currently with another dairy farmer as a dry herd turnout block.

The property is subdivided into 25 paddocks with established tree breaks along the fence lines.

Selling agent Ray Cullen says that with its clean pastures and a large water trough in every paddock there is significant grazing potential, while the location is only ten minutes distant from Racing.com Park (or the Pakenham Racecourse) at nearby Tynong.

“The current grazing lease could be continued by negotiation if the purchaser requires, while there is also rental of $400 per week from the tenant occupying the original three bedroom brick veneer homestead on the property.

“Combined these two leases provide a worthwhile holding income and could be continued while future development or new use plans are formulated”.

Mr Cullen said that in addition to the home there was quite a bit of useful infrastructure that related from its earlier dairy farm use. These include two haysheds, a lock-up machinery shed, a set of cattle yards and the now disused original dairy building.

The property has a three-phase power supply with irrigation plant plus a current 20 megalitre water license to pump from the Bunyip River.

Mr Cullen said that several neighbours were engaged in intensive horticulture including asparagus production on the next door holding.

“This type of highly productive land with well drained soils just don’t come along for sale in this highly valued district and here there are significant opportunities for the purchaser to implement a range of farming options”.

Details  
SuburbBAYLES, VIC 3981
Address980 Main Drain Road
Bedroom3
Price$2.9 million
AuctionFor private sale
Contact agentRay Cullen 0429 977 313
AgencyRODWELLS RURALCO

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