This article is from the Australian Property Journal archive
THE Boyd family is bringing down the curtain on 140 years of ownership of livestock and cropping farm in Victoria’s East Gippsland region.
Picturesque Stockdale Park, spanning 573 hectares just outside of Stockdale, near Stratford and 50 kilometres west of Bairnsdale, was established as a mixed-livestock operation in 1884 and has been owned by the family across four generations.
Current owner John Boyd was raised at the site and, other than one portion of the property changing hands briefly in the 1950s, the holding has never been offered for sale.
Stockdale Park is today a broadscale sheep or cattle breeding and fattening and support cropping operation.
Of the total landholding centred around Munro-Stockdale Road, 493 hectares is arable and 550 hectares is grazable, with conservative capacity estimates at 5,000 DSE.
CBRE’s Matt Childs and James Auty have been appointed to manage the sale campaign, with the asset available in one line or as four separate properties via expressions of interest closing 5th October. Expectations are for in excess of $6 million.
“The Boyd family selected this land in the 1880s and has nurtured and developed the property across four generations,” Childs said.
“Stockdale Park offers spectacular views with mountain ranges in the background, remnant native timbers and the Providence Ponds, while its northerly aspect and generous scale offer enviable productivity, ease of management, reliability and diversity.
“Rarely do investment opportunities of this calibre become available.”
The Perry River and Providence Ponds run through the holding to provide a reliable water supply alongside nearly 50 catchment dams.
A primary three-bedroom residence was built in the 1950s, and the property also features an outdoor entertaining area, manicured garden and concrete tennis court. The original “Glenorie” timber homestead, built in 1884, remains at the site and offers the scope for an additional three- or four-bedroom homestead following renovation.
Working improvements include a three-stand shearing shed, sheep and cattle yards, shedding and water supply in each paddock, and two solar-power systems.
Elsewhere in the Gippsland region, a private Australian global investor has just paid at least $12 million for the Pine Hill dairy farm at Labertouche, which followed the completion of the Ace Dairy Holdings Gippsland dairy portfolio for a total of about $70 million. The portfolio comprised seven farms, four of which were picked up last year and this year by Canadian super fund PSP-backed Aurora Dairies, while the McDonald family and the Wade family also bought respective parts of the portfolio.
Earlier this month, the entire Gippsland town of Coopers Creek was put up for sale by the Holyoak family with expectations of $2.5 million to $3 million.
