The Oaks, a prominent West Australian farm associated with the descendants of a British tea entrepreneur, has been sold to a local farmer for more than $50 million after just 11 days on the market.
About 45 kilometres west of Esperance, on the state’s south coast, the 5313-hectare property has been an award-winning sheep farming enterprise run by the Malaysia-based Russell family.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
