More than 1,250 hectares of prime dairy farming land in Victoria’s Goulburn Valley has been listed for sale, amid strengthening demand for dairy assets across Australia.
CBRE has been exclusively appointed to market Rendell Dairies, a 1,263 hectare landholding situated near the regional centres of Echuca and Shepparton.
The large scale dairy enterprise, which milks approximately 1,200 cows, is benefited by excellent irrigation infrastructure and is well-located with regard to nearby processing facilities, including Fonterra in Stanhope and Murray Goulburn in Rochester.
CBRE’s Danny Thomas, who has been appointed to sell the property with fellow agents Duncan McCulloch and James Beer, said the sale represented an outstanding investment opportunity.
“The opportunity to acquire a premium dairy asset in a proven location such as the Goulburn Valley is expected to attract significant buyer interest, from both domestic and international investors looking to secure a highly productive dairy enterprise, underpinned by excellent irrigation infrastructure and high quality improvements,” Mr Thomas said.
The property includes approximately 300 hectares of centre pivot irrigation and approximately 450 hectares of flood irrigation, excellent infrastructure and numerous structural improvements, including two dairies, five dwellings and several sheds and workshops.
Mr Thomas said the sale came at a time when interest was strong in Australia’s agricultural market.
“Investment in Australia’s agricultural sector is approaching unprecedented levels and dairy assets, amongst others, are expected to be highly sought after throughout 2016 and beyond,” Mr Thomas said.
“In the current climate, the lower Australian dollar and stable commodities forecast is driving international interest, and as a consequence of this we are seeing an increasing sense of urgency amongst domestic investors looking to secure a range of high value assets.”