A 127 hectare, or 315 acre, farm holding in Tulkarra Siding Road at Landsborough West has sold by tender for well in excess of the expected of $4000 per acre.
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Northern Grampians vendor Joe Peacock's Carmel Lorlea Merino Stud, the final land holding in a three generation family ownership, attracted multiple tender offers since it was listed for sale by tender in early May.
The property was listed with Nutrien Harcourts, Stawell, who confirmed the property has been sold to a district farmer, at an undisclosed sale price.
Nutrien Harcourts Stawell based selling agent Max Brown said vendor Joe Peacock was "very satisfied" with the final outcome of the tender.
Mr Brown said the property is located on high quality level Red Gum country which has been carefully well-farmed by the vendor over a very long period of family ownership.
"I forecast there would be strong demand for it at around $4,000 an acre, and the tender sale result comfortably topped this," he said.
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"The location is ideal in the Northern Grampians Shire, within about twenty five kilometres east of Stawell with the local Landsborough village within easy reach.
"This was an opportunity to obtain ownership of one of the recognised top farm blocks in a noted sheep area where farm properties are tightly held.
"While there is no home on the farm there are many good building sites and subject to the relevant permits this might be the option that buyers would consider."
Over the last thirty years Mr Peacock has built the Carmel-LorLea Merino Stud property into what has become a well-recognised producer of acclaimed Merino flock rams, which have always been keenly sought by district woolgrowers.
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Mr Peacock has reached retirement and with four daughters, has no family succession to continue the farming interest.
The Tulkarra Railway Road property has many features which made it an ideal add-on acquisition for another district farmer, or as an agricultural interest for a local or regional resident.
The property is subdivided into five main paddocks with smaller holding yards and the vendor has continued a long-term fertilizer program including regular superphosphate applications to achieve high productivity from the established pastures.
There is also a solar pump equipped bore that supplies high quality water from about 43 metres depth, at a rate of 30 to 40 litres per minute.
The water flows into a large dam from where it is reticulated around the holding to multiple stock watering points.
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