This article is from the Australian Property Journal archive
CATTLE enterprise, Moyhu Wagyu, has entered the market on a walk in walk out basis. The north east Victorian agribusiness is expected to sell in excess of $12 million.
Situated in the King Valley district, the three property farm aggregation is comprised of 847-hectares, multiple homes and around 1,300 cattle, both Wagyu and Wagyu Angus. In addition, the deal also includes all operating equipment and machinery.
The cattle, which include around 600 full blood Wagyu breeders and around 70 Wagyu bulls with proven Japanese genetics.
The sale will be managed by Michael Everard, manager and selling agent at Elders Real Estate Wangaratta, on behalf of owner Bob Officer.
“Moyhu Wagyu is the right scale, right located, and right enterprise agribusiness that demands consideration by corporate purchasers or high net worth investors,” said Everard.
On principal of the three farm holdings, Leatam farm, made up of approximately 243-hectares of land, sits the main six-bedroom homestead. Designed by Guilford Bell, the home features an in-ground salt water swimming pool, large garden space and orchards with fresh water and bore supplies.
Leatam farm is home to feed pad areas, hay and machinery shedding, office, cattle yard infrastructure and water and farming infrastructure. The property also includes and additional house, the three-bedroom managers home.
Over 368-hectares of the aggregated farm is the Handcocks property, which also boasts a three-bedroom home, as well as further cattle infrastructure.
The combined Barton and Simpsons land holds, account for 234 hectares, with a yard and machinery shed infrastructure.
Major dam storage with solar pumping support the entire holding, that are located within a ten kilometre radius.
Additionally, the King Valley district has a record of reliable seasonal rainfall, with a long term average of 950mm, or 38 inches of rain.
The sale also includes the continuance of the existing farm manager and overseer who are both residents on the holdings.
Just last week, Gina Rinehart put her $300 million portfolio of cattle stations and livestock on the market as demand for Australian beef surges, as agricultural production is expected to increase by 8% and head of cattle by 2% in 2021.
“Moreover, progressive regional town centres like Wangaratta, Benalla, and Myrtleford al within an easy reach, and for City based buyers there is the freeway access of about three hours from the Melbourne CBD by the dual lane Hume Freeway,” added Everard.
“The properties are also within easy reach of all the noted alpine resorts, wine and food destinations and extensive water sports venues of the historic north east,” concluded Everard.
