This article is from the Australian Property Journal archive
NSW Mid-North Coast dairy farm Elaia has hit the market, with the opportunity to almost double its annual capacity of 1.5 million litres of milk from its Friesian and Jersey cows.
Located 25 kilometres west of Nambucca Heads and 69 kilometres south of Coffs Harbour, the 216.75-hectare property’s herd comprises around 220 cows, and could also be developed to beef cattle breeding or trading enterprises, or blueberry production.
LAWD’s Daniel McCulloch and George Berry have the listing in conjunction with Brett Weick of Brett Weick Property.
The agents told Australian Property Journal that they believe the market will see interest in over $7 million.
Elaia also nets a steady income stream from its eight campsites featuring luxury amenities and views, and offers an opportunity to make some of the six houses on the property available to the rental market.
Berry said Elaia presents an investment opportunity that will appeal to a diverse range of buyers given its location, access to infrastructure and opportunities to generate additional income.
“Elaia is not only set in a stunning location, but is close to an array of amenities, services and facilities to support agricultural and horticultural production.
“I believe there will be strong interest from dairy operators and blueberry growers looking to expand, as well as from regional and metropolitan investors.”
The property includes three machinery sheds, a hay shed that is also used as a workshop, and a 36-unit rotary dairy. Fences are in place across 29 paddocks.
Livestock are securely watered from 246 megalitres of unregulated river water entitlement, 16 troughs, nine dams and frontage to a creek, supported by an average annual rainfall of 1,353 millimetres.
Topography ranges from gently sloping to undulating open grazing land, with 95% of the land being arable. The existing cropping program supports summer and autumn fodder with 23 hectares of corn planted each year.
Elaia goes to auction on Tuesday, 3 September at Coffs Harbour Golf Club.
Meanwhile, one of Australia’s biggest dairy operations – Chinese billionaire Xianfeng Lu’a Van Dairy company in Tasmania’s north-west – was put up for sale in April following a major supply contract cut earlier in the year, and remains up for grabs.
On offer is the 9,500 hectares of farmland at Circular Head, including 4,207 hectares of dairy area. The listing followed Van Dairy in March selling a 700-hectare farm that was previously part of the aggregation to Prime Value’s Prime Dairy Fund for $15 million.
