Beddison family sell $30m rural estate Allanvale

A renowned Victorian family has sold one of the state’s finest farms after it was expected to command massive offers.

The Beddison family have ended their almost 20-year tenure at Allanvale.

One of Victoria’s finest rural estates has been sold in a top-dollar deal, ending a wealthy Victorian family’s almost 20-year tenure.

The renowned Beddison family listed the sprawling 1233ha North East Victorian rural estate, Allanvale, for sale last spring. It was expected to receive offers in the vicinity of $30 million.

It is understood the property, located 9km east of Avenel, has been sold to an undisclosed buyer for an undisclosed price.

Elders Real Estate selling agents Nick Myer, Henry Mackinnon and Brendan Allen handled the sale but did not comment on the transaction.

When the property was listed for sale, Mr Myer said: “It (Allanvale) is one of the most unique assets we have ever had the privilege of offering to the market.”

Allanvale was listed for sale last spring by the Beddison family.

Just a handful of high profile families have owned Allanvale throughout its history, with the Beddison family, led by the late Tony and his wife Robyn, purchasing the property from Sir Alex and Lady Creswick’s children in 2004.

The Creswick family had owned the property since the 1950s after they purchased it from the Grimwade family. The Myer family owned Allanvale prior to the Grimwades.

When Allanvale last changed hands almost 20 years ago, it was about 730ha, but the Beddison family and its team acquired additional land and significantly developed the property.

Allanvale has been used for grazing an Angus cattle herd with 350 cows plus followers.

The centrepiece of Allanvale is the six-bedroom Edwardian homestead designed by John Coote, which is set within a garden designed by the award-winning Paul Bangay.

There are also two architecturally designed four-bedroom residences, in addition to managers, staff and guest accommodation.

The Beddison family primarily used Allanvale for grazing an Angus cattle herd with 350 cows plus followers.

Existing farming improvements include steel cattle yards, three shearing sheds, extensive machinery, sundry and hay shedding, an office building and a world-class surveillance and monitoring system.

The sale is one of the most lucrative in Victoria’s rural property market this year and comes after more than $45 million worth of Mallee farmland in Victoria’s northwest changed hands in separate deals.