Mansion on ‘largest single landholding within 60km of Melbourne’ under offer

One of Victoria’s largest mansions, tipped to fetch $50 million, is under offer.

Golden oldie: Yaloak Estate has a grand 1890 homestead and seven other residences, and sits on 59 titles encompassing 2000ha of arable land that has supported cropping and sheep grazing, all within 60km of Melbourne.

A MULTIMILLION-dollar mansion is under offer.

Yaloak Estate at Ballan, which is said to be the largest single landholding within 60km of Melbourne, is under offer.

The estate was tipped to fetch about $50 million.

Colliers International’s Duncan McCulloch told The Weekly Times he could not divulge further information at this time.

Yaloak Estate has been owned by Melbourne businessman and lawyer Peter Yunghanns for the past 50 years and comprises of 59 titles.

The Weekly Times recently reported Yaloak Estate would appeal to buyers due its highly productive cropping and grazing enterprise as well as its potential for profitable future development opportunities.

When the estate was listed on the market in September last year, Colliers International said it expected the well-known property to attract keen interest from domestic and international land bankers, high net worth individuals and developers.

“This represents the biggest land banking opportunity to come to the market in recent years,” Mr McCulloch said at the time.

“However, it is also a highly productive agricultural enterprise and, as such, we anticipate an influx of interest from a wide range of buyer groups.”

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The Yaloak Estate at 4662 Geelong-Ballan Rd, Ballan, is for sale with expectations it could top $50 million (1)

Yaloak Estate enjoys mains water supply and has numerous dams throughout the property, with laneway systems and stock water reticulated to each paddock.

The renovated and well-maintained homestead, built around 1890, sits at the end of a gravel-lined driveway, surrounded by expansive lawns and mature, well-maintained gardens.

There are seven additional residences, a fully equipped equine centre, shearing shed, workshops and many other structural improvements.

The property is home to the Yaloak Polo Club, founded in 1980, which draws players and spectators from all over Victoria to enjoy competitive tournaments, midweek chukkas and regular barbecues.

Yaloak Estate also benefits from an executed wind farm agreement, which will provide passive income for its new owner.