An astonishing $10,775 an acre has been paid for grazing land in the south-west of Victoria.
Three lots for the Seymour Park Aggregation at Heywood were put up for an online auction today (Thursday) across almost a thousand acres of prime grazing country near Portland.
Two of three were listed as sold with a second lot failing to reach reserve.
The stellar $10,775 an acre price was paid for the first lot called Freds taking in 163 hectares (404 acres).
At the auction price, this first lot made $4,353,100 for the owner.
The third lot, Gowan Brae (109ha, 268ac) sold for $9200 an acre in the auction for a total price of $2,465,600.
A combined $6.82 million for 672 acres.
The second lot, Wheelers Hill (127ha, 313 acres), reached the online auction price of $7000 an acre and agents from A1 Real Estate Solutions will negotiate for its sale.
The aggregation at Heywood offered reliable high rainfall across its combined 399 hectares.
The showcase property has been running a successful beef and prime lamb operation.
The three lots are four kilometres from Heywood and 29km from Portland.
All lots have an excellent fertiliser history.
Freds, which made the big money, has 16 well fenced paddocks with electric and extensive laneway systems.
It also has a six-bay machinery/hay shed, undercover steel and timber cattle yards, crush, loading ramp and two stand raised board shearing shed
There are water troughs to all paddocks, 12 dams, two permanent springs and four 22,500L water tanks.
Lot Two Wheelers Hill (127ha, 313ac), which failed to sell, incorporates 16 well fenced paddocks with solar electric unit, five 22,500L water tanks, two dams, town water, four windmills, water troughs and spectacular views.
Lot Three Gowan Brae (109ha, 268ac) which made $9200 an acre has eight well fenced paddocks with electric and laneway system, a 22,500L water tank, six dams, steel cattle yards with crush and loading ramp.
It also has a new bore with solar pump.
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Chris McLennan
ACM national rural property writer based in Bacchus Marsh, Victoria. Career journalist. Multi award winner.
ACM national rural property writer based in Bacchus Marsh, Victoria. Career journalist. Multi award winner.
