Property

Mallee, Western District holdings come to market

Linda Rowley, February 29, 2024

Pandrea at Millewa offers Mallee farming country. Photo: Elders

TWO properties in Victoria, Pandrea in the Mallee and Serra in the Western District, are ready for new owners.

Pandrea is being offered for sale by two regional leaders in progressive farming methods, and Serra is solidly established as a highly productive mixed-farming property.

Pendrea

More than $4 million is anticipated for what is described as one of the finest farming parcels in the Millewa district in Victoria’s north-west.

Situated south of the highly regarded Werrimull farming district, the 2282ha Pendrea is a mixed farm growing mostly cereals and running some sheep.

Family owned since 1977, Don and Carolin Rankin are selling to retire.

Elders agent Marty Deacon said he has never seen a farm of this quality and calibre come to the market.

“Pandrea is a tightly held property offering outstanding value for money,” Mr Deacon said.

“It is attracting interest from locals, central and southern Victorian producers, as well as some inquiry from New South Wales.”

Mr Deacon said the owners have prided themselves in being progressive and innovative using modern farming practices.

“The Rankins commenced direct drilling in the 1990s and introduced break crops, which have improved soil profile and water retention producing strong yields.”

Boasting fertile red loam soils, wheat, barley, lupins, vetch and field peas are grown as part of the continuous cropping program on 2104 arable hectares.

In recent years, the Rankins have been running 700 breeding ewes on fenced country timbered with belah, mallee and pine trees.

Situated in a 280-300mm annual rainfall region, water is piped from the Lower Murray Water into receival tanks and supported by rainwater storages.

Infrastructure includes a three-bedroom home, numerous sheds, a three-stand shearing shed and steel sheep yards.
Pendrea will be auctioned on March 8.

Serra

More than $13.5M or $15,000/ha is expected for a mixed farming opportunity in Victoria’s renowned Western District.

Owned by a local family, the 904ha Serra is located 10km from Willlaura and 25km from Glenthompson with views of the Grampians National Park and Mount William.

It is close to grain receivals at Willaura, Lake Bolac and Lakaput, livestock saleyards at Hamilton and Ballarat, an abattoir at Ararat and port facilities in Portland and Geelong.

Serra is for sale in Victoria’s Western District. Photo: LAWD

Around 89 percent is arable and comprises volcanic loams and clays.

This area is earmarked for winter-wheat planting for the 2024 season.

The 224ha balance is suited to beef breeding and finishing, prime lambs and wool production.

Currently, Serra is running 4000 ewes and 6000 lambs which are placed on fodder crops and clover pastures.

Benefitted by 600mm of reliable rainfall, Serra is watered by nine dams with access to scheme water.

Infrastructure includes a four-bedroom home, a three-stand shearing shed, cattle and sheep yards, silos, sheds and 10km of newly constructed fencing.

LAWD agent Danny Thomas reports good inquiry.

“Interest is both locally, corporate based and also out of region operators looking for a foothold in a reliable rainfall region.”

Expressions of interest for Serra close on March 14.

 

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