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LAWD

Address available on request Strathmerton, VIC 3641

Address available on request,
Strathmerton, VIC 3641

Commercial Farming & Rural

Price information

Sold

$100,000,000

Key property information

Sold on

LAWD
Tim Corcoran

LAWD

Level 47, North Tower, 80 Collins Street
MELBOURNE, VIC 3000
04078939...
LAWD
Address available on request
Strathmerton, VIC 3641

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Murray River Land Trust Portfolio

Land Area: Up to 15,000* hectares of owned, contracted and optioned land within a 35* kilometre radius of Strathmerton in Northern Victoria.

Water resources: Access to owned and leased High Security Surface Water, Deep Groundwater and Shallow Groundwater for a total of circa 20,000* megalitres of annual water allocation. Benefitted by direct access to the Murray River along with direct access to a regulated network of water delivery channels on both the VIC and NSW sides.

Operations: Managed by Ulupna Pastoral Company (UPC). UPC employs a highly skilled management team and has recently made a significant investment in new fit-for-purpose plant and equipment.

Opportunity: Transformational land use project developing former grazing land (dairy, beef and sheep) to high value irrigated cropping land supporting intensive summer and winter cropping through soil amelioration, irrigation redesign, increasing scale and efficiencies and adopting modern land management techniques. The 2021 Winter crop program includes around 4,000* hectares of Canola and 4,000* hectares of Cereals and other crops. Along with taking the productive capacity of the land to its highest and best use, the proponents are also repurposing former dairy infrastructure to facilitate custom feeding for clients seeking to background and finish beef cattle and prime lambs for their branded red meat programs. Fresh capital is now required to complete the next stage of this significant project, which will include circa $30 million of irrigation redesign including 10,000* megalitres of above ground water storages and the installation of lateral move and centre pivot irrigators.

For more information contact the exclusive selling agents

Col Medway (LAWD) 0428 481 243
Tim Corcoran (LAWD) 0407 893 9...
Transaction managed by map19 – Damian Bryce (map19) 0400 646 106
Agent Interest

Property ID: 503803050Last Updated: 4 Sep 2023

LAWD
Level 47, North Tower, 80 Collins Street
MELBOURNE, VIC 3000
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