The historic Mondilibi Aggregation in the renowned Western District of Victoria has hit the market, with expectations it will make in excess of $65 million.
Located 12 kilometres north of Mortlake, the 3230-hectare aggregation is regarded as one of the region’s most productive investment-scale assets, underpinned by an excellent natural resource base and ideally positioned to key livestock and grain export pathways.
Key features of the aggregation include its unique scale, excellent accommodation including the Mondilibi and Manooka homesteads, and four staff residences.
It also boasts quality working improvements, including modern sheep and cattle handling facilities, main five-stand woolshed, extensive machinery, hay, sundry shedding and workshops, in addition to more than 1000 tonnes of grain storage.
Offered by Down Ampney Corporation, the properties have been strategically managed and developed over their period of ownership, with significant investment into pasture improvement, extensive annual fertiliser applications, redesigned paddock layouts for greater pasture utilisation and water development.
The aggregation enjoys a diverse revenue stream via a 17,400 head composite ewe flock, in addition to the production of 830 breeders.
A further considerable revenue stream is due to be realised via the proposed Mt Fyans windfarm project.
Elders Camperdown real estate manager Rob Rickard said the aggregation provides sufficient scale to be a stand-alone investment, but would also provide a valuable addition to a large agricultural portfolio offering geographic diversity due to its high and reliable rainfall.
A strong level of interest from a range of buyer profiles is anticipated, with Elders state real estate manager - Vic/Riv, Nick Myer, saying they are likely to see competition from local farming families, domestic and international corporate and institutional investors.
“Down Ampney Corporation and their extended management team are to be duly complimented for their vision and strategic ongoing investment into their genetics programs, new infrastructure projects, soil amelioration and pasture development, paddock layouts and laneway systems, water development and well positioned purpose-built infrastructure, all designed to support a high-performing livestock production enterprise,” Mr Myer said.
The aggregation is available on a walk in, walk out basis, and is being offered for sale either as a whole or as two separate contingent assets being Mondilibi and Manooka.
The Mondilibi Aggregation is being offered for sale via a two-stage expressions of interest process, with the first stage closing on July 5 at 4pm (AEST).
All enquiries should be directed to Nick Myer on 0427 610 278, or Rob Rickard on 0407 354 025.